For many years, Habitat for Humanity International has been one of the driving forces in providing shelter to people all over the world. This organization is quite unique because it operates purely on voluntary labor.
Also, the homes are sold at no profit whatsoever — the lucky new homeowners of the Habitat for Humanity homes are only charged for the cost of materials used in building the house.
However, not everyone who wants a Habitat for Humanity home gets one. The organization only chooses those that are able to pay their mortgage responsibly and are willing to contribute their time and efforts to the cause of the group.
Recipients of Habitat for Humanity International homes are expected to do their share in one way or another in the building of more homes for other members of the community.
In addition to manual labor, the new homeowners will actually be partially funding future homes because their mortgage payments go straight into the house-building funds of the organization. They will also sign a contract stating that in case they wish to sell back their home to Habitat for Humanity International before completion of their payments, they will do so at a price equal only to the cost of materials used.
About habitat for humanity
Although Habitat for Humanity homes within the US are totally profit-free, some of these houses may come with a modest interest in other countries.
Founded by Millard and Linda Fuller in 1976, Habitat for Humanity International has been giving people homes for more than three decades now. What started as a partnership housing venture in a small town in Georgia has now evolved into a global quest to improve the lives of people all over the world.
Habitat for Humanity International helps to avoid foreclosure
One of the great things about Habitat for Humanity International is that they do not just give people homes —they also help them keep it by teaching them ways to avoid foreclosure.
The Habitat for Humanity Mortgage Foreclosure Prevention Program is available for all people who are having difficulties with paying the mortgage on their Habitat for Humanity homes. All sorts of services, from counseling to financial assistance, can be availed at Habitat for Humanity International offices in dozens of cities around the globe.
In the housing community, it is common knowledge that the prevention of foreclosure is much more feasible for everyone involved, rather than actually going through with the foreclosure process.
For the homeowner, this means that they will not have a record of a foreclosure on their permanent files. For the community, this will prevent a drop in the market value of the house and the neighborhood.
Habitat for Humanity International does everything it can to prevent foreclosures from taking place but there are still a few rare instances when there is no other choice. However, these instances only happen when the owner fails to make the mortgage payment for several consecutive months to Habitat for Humanity International.