The Mortgage Bankers Association will use the Washington DC area as the first of three pilot programs making mortgage payments to assist families with critically ill children. The MBA announced the creation of the national 501(c)(3) non-profit organization during its annual convention in early October in Chicago. In a press release issued on October 10, 2011, the MBA announced it had selected Spare Key, a Minnesota-based charity that was started in 1997 to award mortgage grants to families with critically ill children, as the model for its new nationwide philanthropic initiative.
David H. Stevens, president and CEO of the MBA, said the organization had donated $50,000 to support the establishment of the pilots. Stevens also asked members to consider offering their own donations.
We can applaud the noble effort of the MBA to offer some assistance to families struggling through hard times, but what about the countless other households needing mortgage assistance without critically ill children? Washington DC bankruptcy attorney Kevin D. Judd wants you to know that you can get deserved relief today through a Chapter 13 or Chapter 7 bankruptcy process. Many people are unaware of the foreclosure help that bankruptcy can provide, but our firm can help you understand your rights and finally end creditor harassment. Whether you have heard of a bankruptcy means test or not, the Law Firm of Kevin D. Judd can answer all of your questions about how to file for bankruptcy when you contact our office to set up a consultation.
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