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Home 9 Chapter 13 Bankruptcy 9 HUD to give away $1 billion to struggling homeowners-ANOTHER OPTION TO HELP SAVE YOUR HOME

HUD to give away $1 billion to struggling homeowners-ANOTHER OPTION TO HELP SAVE YOUR HOME

by | Jul 6, 2011 | Chapter 13 Bankruptcy, Debt Settlement, Life After Bankruptcy

In June, the HUD launched $1 billion Emergency Homeowners’ Loan Program, or EHLP. This program is one that targets homeowners who are among the most difficult to help; those who fell behind on their mortgage payments because of job loss or unexpected medical bills. This latest government program was supposed to start last year, but implementation delays mean that HUD must spend all of its $1 billion by the end of September 2011. This program will help home owners repay mortgage payments that are behind.

Nationwide, HUD is hoping to help $30,000 homeowners through the program. Please go to the link below or contact me for more information.

http://www.nw.org/network/foreclosure/nfmcp/EHLPconsumers.asp

http://www.washingtonpost.com/business/economy/hud-to-give-away-1-billion-to-struggling-homeowners/2011/06/30/gHQAbbgtxH_story.html