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Home | News | Foreclosure | HUD Extends Application Period for EHLP
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HUD Extends Application Period for EHLP

The ""U.S. Department of Housing and Urban Development"":http://portal.hud.gov/portal/page/portal/HUD (HUD) is once again accepting applications for its ""Emergency Homeowners' Loan Program"":http://findehlp.com/ (EHLP). The new deadline for applications is September 15.
[IMAGE] The original deadline of July 22 was extended to July 27, but HUD announced Monday that it is extending the application process again because the agency believes it has enough resources to help more homeowners than have currently applied.

EHLP was designed to help homeowners who have encountered financial hardship due to involuntary unemployment or underemployment and are at risk of losing their homes.

[COLUMN_BREAK]

The program is available to homeowners 90 or more days delinquent on their mortgage payments.

Eligible homeowners will receive an interest-free loan to pay a portion of their monthly mortgage payments for up to two years or up to $50,000, whichever occurs first.

EHLP also helps homeowners with past due charges, taxes, insurance, and attorneys' fees accumulated due to their delinquency.

Homeowners can apply for EHLP through participating counseling agencies, such as ""NeighborWorks America."":http://www.nw.org/network/index.asp

HUD aims to help 80,000 homeowners through the program, which is available in the following 27 states and Puerto Rico: Alaska, Arkansas, Colorado, Hawaii, Iowa, Kansas, Louisiana, Maine, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Oklahoma, South Dakota, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, and the Commonwealth of Puerto Rico.

Assistance is granted on a first-come, first-serve basis.

HUD received $1 billion for the program through the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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About Author: Krista Franks Brock

Krista Franks Brock
Krista Franks Brock is a regular contributor to DSNews.com and TheMReport.com. She previously served as managing editor of DS News magazine. Prior to joining DS News, she was managing editor of Southern Distinction, a regional lifestyle magazine based in Athens, Georgia. She is currently a freelance writer and editor for various online and print publications. She holds degrees in journalism and art from the University of Georgia, where she also earned a minor in Spanish.

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