Tennessee's Hardest Hit Program

The Keep My Tennessee Home program provides financial assistance to homeowners who have fallen behind on their mortgage and are facing the possibility of foreclosure.

The Keep My Tennessee Home program, which was funded through the Hardest Hit Fund, provides assistance to certain homeowners who've fallen behind on their mortgage payments and facing the possibility of foreclosure. Keep reading to get an overview of the program.

Hardest Hit Fund

In 2010, the U.S. Department of the Treasury created the Hardest Hit Fund to provide targeted aid to homeowners in those states most affected by the housing market crash. As part of this program, $7.6 billion in aid was allocated to the 18 states, along with Washington, D.C., that experienced the most extreme home price declines and high unemployment rates as a result of the economic crisis. (Learn more about the Hardest Hit Fund.)

Tennessee was awarded over $200 million in funds through the Hardest Hit Fund to offer mortgage assistance to homeowners so they could avoid foreclosure. (Learn more about the Tennessee foreclosure process.)

To do this, Tennessee set up the Keep My Tennessee Home program.

Keep My Tennessee Home

As of April 2018, the Keep My Tennessee Home offers two programs:

Principal Reduction with Recast Program or Lien Extinguishment (PRRPLE). If you're eligible, this program lowers your monthly mortgage payments to a more affordable level by:

  • reducing the principal balance of your first mortgage loan, combined with a loan recast or modification, or
  • providing a principal reduction which results in a full lien extinguishment.

Reinstatement Only Program (ROP). The program provides money to bring the loan current. Assistance is available to eligible homeowners who've fallen behind on their mortgage loans and are in imminent danger of losing their home to a foreclosure due to a qualified hardship that happened after they acquired the home.

Free Foreclosure Prevention Counseling

If you're facing foreclosure, the Tennessee Housing Development Agency (the agency that administered the Keep My Tennessee Home program) also offers free and confidential foreclosure prevention counseling.

More Information

If you would like more information about the PRRPLE or ROP programs or about foreclosure prevention counseling, go to the Keep My Tennessee Home website.

If you need information about how foreclosure works in Tennessee or possible defenses to a foreclosure in your situation, consider talking to a foreclosure attorney and visit Nolo's Tennessee Foreclosure Law Center.

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