Friday, May 27, 2011

NEW YORK UNEMPLOYMENT AND FORECLOSURE - EHLP

Another reason why a claimant may want to attend the mortgage foreclosure clinics at the Nassau County Bar Association (or other bar association clinics) is to be educated about the following:

HUD Emergency Homeowners' Loan Program (EHLP):

"The EHLP is designed to provide mortgage payment relief to eligible homeowners experiencing a drop in income of at least 15% directly resulting from involuntary unemployment or underemployment due to adverse economic conditions and/or a medical emergency."

I am advised that New york was allocated approximately $112,000,000 under this.

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