/welcome-to-noah--community-development-organi/images/noah-logo.png){kind=logo}
DONAR
NOAH's Foreclosure Prevention Program has been a critical resource for Boston-area families since 2007, helping them avoid losing their homes. Developed in response to the 2008 financial crisis, the program provides empathetic, step-by-step support, from intake and triage to counseling and lender negotiations. Led by an expert team and supported by notable partnerships, the initiative offers personalized help through bilingual counselors and financial advisors. The program has significantly contributed to stabilizing communities, with success stories showcasing financial recovery and homeownership stability. The focus keyword Foreclosure Prevention is naturally embedded throughout the program’s goals and services.
Since 2007, NOAH's Foreclosure Prevention Program has been a vital resource for families in the Boston area facing the threat of losing their homes. Developed in response to a critical need, the program has evolved into a trusted resource, providing guidance and support when it is most needed.
The program began during a time of great financial upheaval. When the subprime mortgage crisis hit and the housing market collapsed around 2008, many families in the State of Massachusetts found themselves suddenly in a desperate situation. Homeowners discovered they owed more on their mortgages than the market value of their homes. Job losses and income reductions only worsened the difficulties. Refinancing options were scarce, and for many, the idea of a short sale (selling a home for less than what was owed) seemed like the only option.
Faced with these challenges, families began seeking help. NOAH responded by creating the Foreclosure Prevention Program, a proactive solution focused on helping families secure loan modifications and keep their homes. This quick action not only prevented countless foreclosures but also brought peace of mind to a community in crisis.
At the heart of the program is a dedicated team that works tirelessly to guide families through a confusing and emotionally exhausting process. Under the leadership of Homeownership Services Director, Diana Franco, the program is supported by:
NOAH also partners with several organizations to extend its reach, including HUD, NeighborWorks America, United Way, the Division of Banks, Santander Bank, Harbor One Bank, the Massachusetts Mortgage Bankers Association Foundation, and TD Bank.
When a family reaches out for help, whether by phone, email, or in person, the process begins with a triage session. During this initial meeting, the team carefully assesses the family's needs and determines whether housing counseling is the next appropriate step. If so, the family completes an intake form and submits the necessary documents. Once all the information is in hand, NOAH opens a case file and contacts the mortgage servicers to review the loan details and explore options for keeping the home.
Following that, a counseling session is scheduled to discuss the information provided by the servicer. The team presents all available options, from loan modifications to alternative resources such as legal assistance, utility assistance, and financial counseling. Throughout the process, NOAH provides ongoing support, staying in contact with both the homeowner and the mortgage servicer until a resolution is reached.
Interested in receiving support? Click here to sign up for NOAH's Foreclosure Prevention Program.
One of the program’s greatest strengths is its human-centered and empathetic approach. The NOAH team understands that facing foreclosure is one of the most challenging experiences a family can endure. They act with empathy and patience, carefully listening to each family's unique situation. The team is continuously trained to provide personalized guidance, ensuring that every family feels seen, heard, and supported during a difficult time.
Over the years, NOAH's Foreclosure Prevention Program has made a significant impact in the community. Homeowners now know that there is a safe haven to turn to when facing the possibility of losing their home. This shift in awareness has not only helped individuals maintain housing stability, but it has also fostered a greater sense of community resilience. Better-informed homeowners reflect a more stable neighborhood and a brighter future for all.
To illustrate the program's impact, let's look at the case of a family in Lynnfield, MA. This family of seven, with all children under the age of 13, faced a series of difficulties. After the deep loss of a father and brother, emotional stress led the father to close his construction business. With a significant drop in income, the family found it nearly impossible to keep up with their mortgage payments. At their most critical point, they reached out to NOAH.
NOAH helped them secure a loan modification that not only brought their mortgage current but also reduced their monthly payments. For example, their previous monthly payment of $5,930.34 was modified to $5,081.39. These changes provided them with a crucial monthly savings of $1,441.13 and a new opportunity to stabilize their finances. Over time, the father was able to restart his construction business, gradually bringing the family back to a more stable financial position. Today, their home continues to serve as the cornerstone of their renewed stability.
Families in need of assistance can contact NOAH's Foreclosure Prevention Program via the website, email, or phone. If you or someone you know is facing mortgage difficulties, remember that help is just a call or click away. NOAH is ready to support you through each challenge, ensuring no one faces foreclosure alone.
NOAH's Foreclosure Prevention Program exemplifies how empathy, expertise, and community collaboration can create lasting change. By addressing not only the financial burdens but also the emotional toll of foreclosure, the program continues to empower families and strengthen the community as a whole.
Need foreclosure support? Don't face it alone. Visit NOAH's Foreclosure Prevention Program today to secure personalized help and save your home!
Explore NOAH's Real Estate Development and Housing Programs
A1: Foreclosure prevention involves strategies and programs designed to help homeowners avoid losing their homes due to missed mortgage payments.
A2: NOAH offers a triage session, counseling, and lender negotiation to help families find alternatives like loan modifications.
A3: Homeowners in the Boston area experiencing financial hardship or facing foreclosure are eligible to apply.
A4: Applicants typically need proof of income, mortgage statements, hardship letters, and financial records.
A5: The timeline varies depending on each case’s complexity, but ongoing support is provided until a resolution is reached.