The Emergency Homeowners' Loan Program

By
Title Insurance with First Title Real Estate, LLC

I was sent this information today and thought I would share it. 

The Emergency Homeowners' Loan Program can provide mortgage assistance up to $50,000.00.

According to the Neighborhood Reinvestment Corporation, dba NeighborWorks® America website, the EHLP program is available in certain states, Alaska, Arkansas, Colorado, Hawaii, Iowa, Kansas, Louisiana, Maine, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Oklahoma, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. EHLP is also offered in Puerto Rico.

From their website, "The program is designed to provide mortgage payment relief to eligible homeowners experiencing a drop in income of at least 15 percent, directly resulting from involuntary unemployment or underemployment due to adverse economic conditions and/or a medical emergency. The mortgage relief covers past-due mortgage payments, as well as a portion of the homeowner's mortgage payment for up to 24 months (up to $50,000)."

The window to pre-apply is small, June 20, 2011-July 22, 2011 and not all will be accepted.

Thanks for reading!

 

 

 

 

Posted by

 

Kelly Milligan, Notary Public

First Title Real Estate, LLC, your professional settlement service!

985-718-0020

 

 

 

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All data and information provided by The Notary Who Knows is for informational purposes only.  This article is not intended to give legal or tax advice, and you should consult your attorney, CPA, and/or real estate professional for additional information.

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Rainmaker
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Michele Cadogan
Fillmore Real Estate - Brooklyn, NY
917-861-861 - Brooklyn Real Estate Home Sales

 

Interesting ill bookmark this for reference-  I did not know that this was available.  Thanks for sharing. 

June 21, 2011 04:11 PM #1
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