Arizona homeowners facing foreclosure can start applying for state aid Sept. 23rd

Later this week, struggling Arizona homeowners will be able to apply for a piece of the $125 million in federal funds that the state Housing Department is administering. Most of the money is intended to help borrowers reduce their mortgage principal and stave off foreclosure.
With stringent rules on who gets aid and a small pot of money to spend, officials don’t expect the program to fix the state’s foreclosure crisis. The Housing Department plans to help 3,500 to 4,000 homeowners.
 
Homeowners need to go to azhousing.gov and answer 13 questions to see if they are eligible. Anyone without Internet access can call …

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