MICHIGAN: Help For At-Risk Michigan Homeowners (2010-07-07)

Governor Granholm says there will be more help soon for some families at risk of losing their homes to foreclosure.

Michigan will use $154 million in federal funding to help homeowners on unemployment, or who have missed a payment or lost family income because of illness or a change in job status.

"There are few other states as hard hit as Michigan has been as a result of the challenges to our automotive economy," says Granholm, "and we are very grateful for the opportunity to relieve the stress, potentially, of up to 17 thousand homeowners in Michigan."

But the demand for help is much bigger, with tens of thousands of homeowners possibly facing foreclosure. Starting Monday, the assistance will be awarded on a first-come, first-served basis. (Website: www.michigan.gov/hardesthit)

MICHIGAN: Help For At-Risk Michigan Homeowners (2010-07-07)