Housing Programs
Tax sales and foreclosures can cause homeowners to lose both their home and all of their equity. Our programs are designed to help you avoid these devastating outcomes, protecting both your home and financial future.
Available Programs
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Our debt relief program may connect you to organizations or government programs that provide financial assistance. Debt relief can help reduce or eliminate debt, allowing you to regain financial stability and peace of mind.
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Refinancing involves replacing an existing mortgage with a new one that typically offers better terms, such as a lower interest rate or extended repayment period. This can help homeowners lower their monthly payments or save on interest over time.
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A cash out refinance involves replacing an existing mortgage with a new one for a higher amount than what is currently owed, allowing homeowners to receive the difference in cash. This can help struggling homeowners by providing funds to pay off high-interest debt or make necessary home improvements, thereby easing financial strain.
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Chapter 13 bankruptcy allows individuals to reorganize their debts under court supervision, enabling them to keep their home while creating a manageable repayment plan over three to five years. This can benefit struggling homeowners by preventing foreclosure and allowing them to catch up on missed mortgage or tax payments while retaining ownership of their home.
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We connect homeowners with trusted partners who specialize in debt restructuring and financial recovery. Through these referrals, homeowners can access tailored plans to consolidate and reschedule payments for property taxes, income taxes, and mortgages. By working with professionals to negotiate adjusted payment terms, reduced interest rates, or extended repayment periods, our goal is to help homeowners regain control over their finances and avoid foreclosure or tax sale.
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Our Financial Freedom Program enables homeowners to continue living in their homes through a sale-leaseback agreement. By transferring the title, they receive immediate financial relief as we pay off their debt and take care of property taxes, insurance, and maintenance costs. This arrangement not only allows them to stay in their homes but also protects them from the risk of losing their property to tax sale or foreclosure, ensuring a secure and stable living situation
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Our housing transition program supports homeowners by facilitating the sale of their property before foreclosure or tax sale, helping them avoid the negative consequences of losing their home. We arrange a seamless transition to affordable or subsidized housing and cover all associated costs, including legal, moving, and agency fees, to ensure a smooth and stress-free process.
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Our Senior Program is designed for individuals aged 62 and older, providing a supportive pathway to enhance their living situation. We facilitate the purchase of their home, enabling them to transition to subsidized senior communities while avoiding the risks of foreclosure and tax sale. This program not only ensures a smooth move but also covers all associated costs, including legal, moving, and agency fees. Additionally, it may provide access to further medical attention, ensuring that participants enjoy a comfortable living environment while being financially secure.
Mission
Our mission is to assist homeowners in Memphis who are facing financial challenges by offering solutions that protect their homes and equity. We leverage our strong relationships with community banks, law firms, real estate agencies, and Shelby County to effectively support our community.