• Enter your email address to receive notifications of new posts by email.

  • Connect with me

Emergency Homeowners Loan Program (ELHP) offers aid to struggling homeowners

Posted on June 29, 2011 by Neil Sweren

EHLP spells HELP for nearly four million homeowners behind on their mortgage payments.  The billion dollar program offers loans of up to $50,000 that do not need to be repaid if applicants meet certain qualifications.

Application information is available from the NeighborWorks America website: http://ehlp.nw.org/

Read the SmartMoney.com story here: http://www.smartmoney.com/spend/real-estate/more-money-for-struggling-homeowners-1309312646029/

Filed under: Credit, Financial, Mortgage, Real Estate | Tagged: , , , | 1 Comment »

HUD Takes Action… Issues waiver on 90 day transfer prohibition

Posted on January 18, 2010 by Neil Sweren

Following is the text of HUD Press Release 10-011 dated Friday, January 15, 2010

HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
Measure to help bring stability to home values and accelerate sale of vacant properties

WASHINGTON – In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan today announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties. The announcement is part of the Obama administration commitment to addressing foreclosure. Just yesterday, Secretary Donovan announced $2 billion in Neighborhood Stabilization Program grants to local communities and nonprofit housing developers to combat the effects of vacant and abandoned homes. Continue reading →

Filed under: Mortgage | Tagged: , , | Leave a comment »

%d bloggers like this: