The Anoka County Community Action Program Foreclosure Prevention Program assists Coon Rapids homeowners in developing plans to stabilize their household financial situation in an effort to avoid foreclosure and keep their home. The Program helps homeowners address the cause of their delinquency and learn to manage their finances successfully.

The Foreclosure Prevention Program helps homeowners understand the foreclosure process and determine appropriate options. Assistance negotiating with companies is also provided. As a last resort, in some situations, the program may be able to provide a deferred, 0% interest loan to a homeowner to reinstate the default and assist them in avoiding the foreclosure. The program attempts to bring long term stability to the family's housing situation. Occasionally, maintaining ownership of the home is not realistic in the long term. In these cases, the program will help the family explore stable alternative housing options.

The key to saving your home is to act early. The longer you wait the fewer options there are. Check out www.accap.org and find the application for Foreclosure Prevention under Home Ownership Programs or call 763-783-4753 and talk with Dave for more information.