Emergency Homeowners Loan Program | $50k Given To Underwater Owners

By
Education & Training with Tim & Julie Harris® Real Estate Coaching

For the roughly four million homeowners who have fallen behind on their mortgage payments, the federal government is offering yet another remedy: free money to catch up on their loans.

STOP and READ NOW: What do to the top 7439 REO Listing Agents in the US know that you don’t?Watch the FREE Agent REO Secrets video and download the FREE REO Training Guide. NOTICE: Free book guaranteed for the first 100 agents only.

The effort, called the Emergency Homeowners Loan Program, is the latest in the federal government’s efforts to slow down the flood of foreclosures a necessary step to a meaningful recovery in the housing market, says a Department of Housing and Urban Development official. For people who have lost their jobs, the $1 billion program offers loans of up to $50,000 that don’t actually need to be repaid, if applicants meet certain requirements.

Check this CNBC video out:

Posted by
  Tim and Julie Harris® Real Estate Coaching  
close

Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Terri Bruno 07/09/2011 05:24 PM
  2. Catherine Ulrey 07/09/2011 05:40 PM
Topic:
ActiveRain Community
Groups:
Addicted to Active Rain
Dedicated Bloggers
Independent Brokerages
Lead Generation
The Ninety-ninth Percentile
Tags:
ermergency homeowners loan program
realtor coaching
real estate training
hreu
tim and julie harris

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
210,898
James Loftis
Real Estate 911 Inc - Hollywood, FL
Real Estate 911 Inc

Hello Tim,

 

interesting post, I will have to look into this. Sounds like a program that may help a lot of homeowners that are in danger of losing there home. Does not appear that it is set up to help a large number of homeowners however.

July 05, 2011 07:29 PM #1
Rainmaker
151,936
Tim and Julie Harris
Tim & Julie Harris® Real Estate Coaching - Las Vegas, NV

Watch the video...the program is going to be oversubscribed...and yes, limited numbers of owners will qualify. 

July 05, 2011 07:36 PM #2
Rainmaker
124,958
Will Handley
Progressive Inspection Service - Dana Point, CA
Certified Master Inspection Services
Another wealth redistribution plan by a government that is clue-less on how to bring the housing industry back to health. More and more of these nonsensicle programs will pop out of the wood work as we move closer to the 2012 elections.
July 05, 2011 08:00 PM #3
Ambassador
922,113
Ralph Gorgoglione
John Aaroe Group - Los Angeles, CA
California Real Estate (800) 591-6121

OMG!

I didn't know anything about this!

And there's only 13 days left?

I'll definitely have to look into this and recommend to any clients.

Thanks for the post!

July 09, 2011 05:31 PM #4
Show All Comments
Rainmaker
151,936

Tim and Julie Harris

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information