---

Real help arrives for unemployed homeowners

Monday, June 20, 2011

Please alert homeowners in your area who are unemployed and struggling to stay in their homes to apply for emergency funding to avoid foreclosure, through the Department of Housing and Urban Development's (HUD) Emergency Homeowner Loan Program (EHLP) program.



EHLP will provide a forgivable bridge loan of up to $50,000 to pay mortgage, tax, and insurance bills for up to two years.

 Applications for the Emergency Homeowner Loan Program (EHLP) must be submitted by September 15.



Homeowners should visit www.findehlp.org or call (855) 346-3345 to apply.

Who is eligible to apply: Unemployed and underemployed homeowners (due to job loss or serious medical condition) who are at risk of losing their home, and are 90 days delinquent on their mortgage payment.



Where to apply: Contact a HUD-approved EHLP housing counselor at http://www.findaforeclosurecounselor.org/network/nfmc_lookup/ to learn where to submit applications in your area.



When to apply: Homeowners will only have until September 15, 2011 to submit applications for these limited funds.

 (Deadline is Sept. 16 in PA and DE.) Homeowners should gather key documents now for the next stage of the application process.


Checklist:
 - Most recent mortgage statement
 - Written notice from employer indicating termination, or income reduction - Notice from lender/servicer stating homeowner is a risk of foreclosure - 2009 and 2010 tax returns for every person listed on the mortgage - Documentation of current income (unemployment check stub, pay stub, SSI, etc) - Citizenship documents for those listed on the mortgage (passport, birth certificate). Other documents will be accepted from "qualified aliens". - IRS T4506-T form for every person listed on the mortgage



States eligible for EHLP emergency loans: 
AL, AR, CO, CT, DE, HI ,ID, IA ,KS, LA, ME, MD, MA, MI, MO, MT, NE, NH, NM, NY, ND, OK,PA, SD, TX, UT, VT, VA, WA,WV, WI, WY, and Puerto Rico.



For more details and documents visit: www.findehlp.org
 For assistance on how to apply for foreclosure prevention funds in every state scroll down and click on your state. EHLP materials are available in Spanish, English, Chinese, Vietnamese, and Korean.

Time is short. Please help us get the word out today to help as many unemployed homeowners as possible qualify for a forgivable bridge loan to save their homes.

Visit: www.findehlp.org or call (855) 346-3345 today.