$1 Billion in Homeowner Aid Offered

[ChrisBorg]

Source: nw.org

The U.S. Department of Housing and Urban Development anticipates a high amount of demand for the Emergency Homeowners' Loan Program (EHLP). In order to ensure that program funds are made available in a fair and impartial manner, homeowners interested in applying must first complete a Pre-Applicant Screening Worksheet (see below). If there are more potentially eligible homeowners than there are funds available to assist them, these worksheets will be entered into a randomized selection process. EHLP counseling agencies will evaluate completed screening worksheets to make an initial, informal pre-determination of household eligibility. Homeowners whose completed worksheets meet this standard will be randomly selected, and these homeowners will be invited to apply for an EHLP loan in the order they are selected. Unfortunately, due to the limited amount of resources available through the EHLP, some qualified homeowners will not be selected to complete an application. Furthermore, some homeowners will complete an application but not will not ultimately be approved to receive assistance if their applications are incomplete or if they do not otherwise meet all of the program's eligibility criteria.

Homeowners who are randomly selected will be called by their local EHLP housing counseling agency to schedule an appointment to complete the EHLP application packet. NOTE: There is no charge for this service. During the appointment, homeowners will be required to submit the specified documentation to support eligibility. It is very important for all homeowners to be familiar with all of the EHLP documentation requirements and have all specified documents prepared to submit at the time of their application appointment. Click on this link to review the document checklist.

The Pre-Applicant eligibility screening period will run from between June 20, 2011 through July 22, 2011. The homeowner application period will not begin until late July 2011. The Pre-Applicant screening procedures are described below, and include a link to a downloadable and printable screening worksheet. Click here for the contact information of the EHLP housing counseling agency serving your community, county or state.



Read more: http://www.nw.org/network/foreclosure/nfmcp/EHLPconsumers.asp

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This link off of HUD.

http://portal.hud.gov/hudportal/HUD?src=/topics/avoiding_foreclosure

Learn about the Emergency Homeowners’ Loan Program (EHLP)

[Hassin Bin Sober]

1. k and r

[LiberalAndProud]

2. I really would like to celebrate this.

But I can't help but think, "Bandage on a hemorrhage."

[ChrisBorg]

3. I'm thinking more along the line of the select few..

I put down 20% 6 years ago.

[ChrisBorg]

4. .

..

[Poll_Blind]

5. Some good news for a change- this looks like it could really be a lifeline to...

...a lot of people out there who are surfacing for the second time before they go under completely.

PB

[zazen]

6. I turned in 150 pp appl to MPP six months ago--still in process

This is NC's mortgage protection program, anyway. I know they mean well and they're helping people and they have a backlog and are understaffed, but

1) the documentation for a 24K interest free loan was larger than many dissertations, and I don't know how uneducated people without a home office could put it together (I could, but I thought, surely this would screen out tens of thousands of people)

2) it's been in various stages of processing, and STILL YET TO BE APPROVED, for SIX MONTHS.

I'm grateful it's there, but they are legally required to process it within 60 days and that ain't happening. I hope I can hold onto my house until they make a final decision.

The process reminds me of the movie _Brazil_. It's nonsensical, but nobody can do anything about it.

[Nossida]

7. How about

You Sellout Clowns invest $1Billion
to help the estimated 600,000 Homeless
School Children living in the Streets
in the US. Not to mention the estimated
1.6 to 2 Million habitually Homeless in
the US. Billions every year for a wealthy
Israel and Oil Wars, while your own people
rot in the street.

We all know the Elitist Nobility in DC
only grant help to potential Voters.
How about a "Humanitarian Intervention"
in your own Nation for change?