Those of you who follow this blog regularly may recall that there is a program to help out folks who've lost their jobs when it comes to meeting mortgage obligations. Run jointly by HUD and NeighborWorks, it's called the Emergency Homeowner Loan Program (EHLP). It will provide financial assistance in the form of emergency loans for up to two years or $50,000, if someone became unemployed for no fault of their own, or is underemployed in spite of trying to find new employment. These loans are interest free, and specifically for payment of the homeowner's mortgage. Originally, the cutoff date to apply was July 22, last Friday. However, it has been extended through this Wednesday, July 27. If you need this help, check with HUD or NeighborWorks. Go online or try the phone. But don't wait--July 27 is the day after tomorrow!
Good luck.
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