Wisconsinites in danger of foreclosure: You may qualify for assistance, but you must apply.
Deadline for filing pre-screening paperwork is July 22, 2011.
The U.S. Department of Housing and Urban Development (HUD) is implementing the Emergency Homeowners’ Loan Program (EHLP) with money provided through the Dodd-Frank Wall Street Reform and Consumer Protection Act. EHLP was created to help homeowners who are involuntarily unemployed or underemployed due to medical or economic conditions and who are at risk of foreclosure.
Over $51 million dollars in EHLP loan money is available to Wisconsin homeowners in danger of foreclosure
In addition to the unemployed/underemployed condition above, other criteria include: applicants must be at least 3 months behind in their payments, live in the property as a primary residence, must have received notice from a lender’s intent to foreclose.
Pre-application screening paperwork must be filed by July 22, 2011.
Thanks for reading the First Weber Wisconsin real estate & Wisconsin living blog for information on HUD Emergency Homeowners’ Loan Program in Wisconsin. This article is for informational purposes only.
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