The U. S. Department of Housing and Urban Development has launched the Emergency Homeownersâ€™ Loan Program (EHLP) to assist homeowners who are at least 90 days late on their mortgage, and unemployed or working fewer hours because of the economy or a medical condition with monthly mortgage payments up to $50,000
Online PR News – 08-July-2011 – – FOR IMMEDIATE RELEASE
June 29, 2011
Contact: JoAnn DePenning, TFPTF
Texas Foreclosure Prevention Task Force Urges Homeowners
to Seek Help with
Emergency Homeowners' Loan Program (EHLP)
Help for Unemployed Texas Homeowners at Risk of Foreclosure
[Austin, Texas] - The Texas Foreclosure Prevention Task Force (TFPTF) is encouraging any Texas homeowner who has recently suffered job loss or significant reduction in income to investigate whether they are eligible for a new financial assistance program. In cooperation with the U.S. Department of Housing and Urban Development (HUD) and NeighborWorksÂ® America (NW) the Texas Foreclosure Prevention Task Force has created a webpage at www.texasforeclosurehelp.org to help direct homeowners to the Texas nonprofit counseling agencies participating in the Emergency Homeowners' Loan Program (EHLP).
The EHLP program was created by Congress to assist homeowners who have experienced a reduction in income and are at risk of foreclosure due to involuntary unemployment, underemployment, economic conditions or a medical condition. Texas received $135 million for this program. Eligible homeowners can qualify for an interest free loan, which pays a portion of their monthly mortgage for up to two years, or up to $50,000, whichever comes first.
The EHLP funds will pay a portion of an approved applicant's monthly mortgage as well as missed mortgage payments or past due charges including principal, interest, taxes and insurance.
"The deadline to apply for this program is July 22, 2011, so we encourage homeowners to submit their information now to a participating housing counseling nonprofit," said David Long, President of the Texas State Affordable Housing Corporation and co-chair of the Texas Foreclosure Prevention Task Force. "Even if homeowners do not qualify for this program, the participating housing counseling nonprofits are trained to assist homeowners with foreclosure intervention and other housing services."
The Texas Foreclosure Prevention Task Force has two key messages for consumers: Don't delay in investigating if you are eligible for the program, and be certain you are dealing with a nonprofit organization approved, authorized or associated with the US Department of Housing and Urban Development (HUD) or NeighborWorksÂ® America. There is no charge to apply for this program.
For more information interested Texas homeowners should visit www.texasforeclosurehelp.org, www.FindEHLP.org, call toll free 855-FIND-EHLP (346-3345) or contact one of the following
EHLP Texas providers:
Avenida Guadalupe Association
Phone Number: (210) 223-3151
Location: San Antonio
BCL of Texas
Phone Number: (877) 417-8272
Locations: Dallas, Austin
CCCS of Greater Dallas
Phone Number: (214) 638-2227
Locations: Dallas, Austin
Phone Number: (800) 984-0979
Location: National Hotline
GreenPath Debt Solutions
Phone: (888) 893-2711
Locations: Brownsville, Corpus, Denton, Harlingen, McAllen, McKinney, Plano, and Texarkana
Homeownership Preservation Foundation - HOPE Hotline
Phone: (888) 995-HOPE
Location: National Hotline
Houston Area Urban League
Phone: (713) 393-8700
Locations: Houston Area
Money Management International - MMI
Phone: (877) 329-2502
Phone: (713) 394-3000
Locations: Abilene, Bedford, Bryan, Burleson, Fort Worth, Houston, Humble, Killeen, Lubbock, Lufkin, Mansfield, Odessa, San Angelo, Stafford, Sugarland, Texas City, The Woodlands, Waco, and National Hotline
NHS of Waco
Phone: (254) 752-1647
Phone (877) 592-4673
Location: National Hotline
Springboard Non Profit Consumer Credit Management, Inc.
Phone: (877) 947-3752
Locations: San Antonio, National Hotline
Urban League of Greater Dallas & North Central Texas
Phone (214) 915-4600
Locations: Greater Dallas and North Central Texas
YWCA El Paso Del Norte
Phone: (915) 577-2530
Location: El Paso
ABOUT THE TEXAS FORECLOSURE PREVENTION TASK FORCE
The Texas Foreclosure Prevention Task Force (TFPTF) is a statewide initiative working to inform at-risk borrowers of the options available to them, link them with local nonprofit housing agencies, and increase the capacity of these counseling organizations to provide guidance to homeowners.
Originally facilitated by NeighborWorksÂ® America in 2007, the TFPTF is currently comprised of representatives from over 90 organizations including state, local, and federal government organizations, the financial industry, the nonprofit sector, and other industry stakeholders working together toward a common goal--averting home mortgage foreclosures and the impact of foreclosure on Texas families.
Eyad Salloum, with RE/MAX Advantage supports the initiatives that HUD and The Texas Foreclosure revention Task Force in helping people avoid foreclosure.
Eyad Salloum with RE/MAX Advantage is a full-time real estate specialist focusing his energy and efforts to ensure 100% customer satisfaction! Eyad Salloum has received several real estate certifications as Certified Distressed Property Expert, Accredited Luxury Homes Specialist, Accredited Buyer Representative, Senior Real Estate Specialist, and International Real Estate Specialist. Not only will he assist in buying or selling real estate but also provide information on mortgages, real estate tax issues, handyman or contractor referrals and much more. Eyad Salloum with RE/MAX Advantage wants to be your #1 real estate resources for life.
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