Wednesday, September 14, 2011

EHLP - Emergency Homeowners' Loan Program with 1 Billion Dollars in Aid - DEADLINE 9/15

Interest FREE Forgiveable Loans for the Un-Employed

This morning I was listening to the Tom Joyner Morning Show on the radio while driving to work and they were talking about a program that would give help homeowners who are behind with their mortgages.

The program is called EHLP - Emergency Homeowners’ Loan Program. According to conversation on the radio, if you are a homeowner that has lost your job through no fault of your own and are behind on your mortgage payments, you may quality to get a zero percent interest, forgivable loan that pays past-due mortgage payments (principal, interest, taxes, insurance, attorney fees), as well as a portion of the homeowner’s mortgage payment for up to 24 consecutive months, or up to $50,000. whichever comes first, and provided that certain eligibility requirements are maintained.

If you qualify this sounds like a great program, BUT the deadline to apply is tomorrow (9/15) .

HUD is now accepting applications from homeowners who live in any of the following 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, Wyoming, and the Commonwealth of Puerto Rico.

Michigan is not in this program
I was surprised when I did not see Michigan in this list.  According to the website, states not on the list receive direct assistance through the U.S. Treasury's Innovation Fund for Hardest Hit Housing Market Program. The website for Michigan is

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