Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

Help for Homeowners Behind on Mortgage

Posted by Hopeton on July 5, 2011

The U.S. Department of Housing and Urban Development (HUD) has a new program to help homeowners prevent foreclosure. The Emergency Homeowners’ Loan Program (EHLP) provides mortgage payment assistance to eligible homeowners who have lost a job or are underemployed due to the economy or a medical condition resulting in a drop in income of at least 15%.

The mortgage assistance 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 application deadline is July 22, 2011.

Interested homeowners can find more information by visiting http://www.findEHLP.org or by calling the toll-free EHLP hotline at 855-346-3345.

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