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Knox County assistance programs.

Get help with paying your mortgage
There is a Mortgage Assistance Program that is being offered by Kno-Ho-Co-Ashland. The program was created to primarily help those who are underemployed or who have become unemployed since January 2008. The definition of underemployment is someone working who is accepting employment that falls short of the pay scale of a job that they previously held that had a higher pay scale.

The program was created to assist those who had never needed assistance in the past but now find themselves facing a financial emergency or is a situation, that is no fault of their own, of needing help with paying their mortgage. It should help stop foreclosures in the County and Ohio.

Homeowners in Mt. Vernon and Know County who are struggling with their monthly mortgage payment will benefit from the federal government stimulus funds that are being offered from the American Recovery and Reinvestment Act. Find additional programs that help with mortgage.

Of course there are some criteria to be able to receive aid. The borrower needs to be at least one month behind on their payment. There are also some income criteria. If you are qualified, the Mt Vernon Kno-Ho-Co Ashland will provide mortgage assistance of up to three months past due, and the maximum paid will be $4,000.

Other conditions include, in addition to income guidelines, those seeking assistance with paying their mortgage will be asked to work directly with their bank or mortgage lender to postpone any foreclosure processes for at least a period of 30 days. This particular component of the program and agreement is a very necessary component to the application process and program as it is hoped that this delay will help struggling homeowners find a longer term, more permanent solution to their mortgage problems than just the $1,000 grant.