The federal housing administration (fha) has a special loan forbearance program just for homeowners with qualifying mortgages who have become unemployed. This program, the FHA special forbearance program, extends the loan forbearance period to help those who are out of work. A special forbearance is only available to the unemployed.
Unemployed homeowners in 27 states including five others that operate similar existing programs could apply for up to $50,000 in assistance. The deadline expired July 27 after a brief three-day.
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Help is a Phone Call Away >. HUD-approved housing counseling agencies are available to provide you with the information and assistance you need to avoid foreclosure. Call 888-995-HOPE (4673) to speak with an expert about your individual situation.
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The Department of Housing and Urban Development has once again extended its deadline for a program that provides up to $50,000 in interest-free loans to unemployed or medically ill home owners who are struggling to make their mortgage payments. The new deadline is now Sept. 15. HUD resumed taking applications for the program on Monday.
After three years, they can renew the coverage for extended. mortgage after the six-month deadline? Mortgage Guard is a six-month tourniquet during the first three years. Without renewal at an.
For Immediate Assistance Call. Let an expert from a HUD-approved housing counseling agency help you understand your options, prepare your application, and work with your mortgage company.. Obama Administration Extends Deadline for making home affordable Program. 4/5/2013.
California homes sales drop Southern California home sales slowdown deepened in February. – In Orange County, sales dropped 17.1% and prices fell 1.4% to. said the drop in rates, coupled with more homes on the market, has “a.
· The original deadline was July 27, but HUD estimates it will have enough resources to provide assistance to more struggling homeowners, and has extended the deadline to Sept. 15, 2011. EHLP provides interest-free loans for struggling homeowners who qualify under the program guidelines.
With 13 million consumers unemployed and 4 million mortgages in foreclosure or seriously delinquent, more than half of the $1 billion EHLP funding went back to the U.S. Treasury because the funds didn’t get allocated to homeowners before the Sept. 30 deadline.
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Assistance for Unemployed Homeowners. home affordable unemployment program (UP): If you are having a tough time making your mortgage payments because you are unemployed, you may be eligible for UP. UP provides a temporary reduction or suspension of mortgage payments for at least twelve months while you seek re-employment.