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Emergency Homeowners' Loan Program (EHLP) to Avoid Foreclosure

The U. S. Department of Housing and Urban Development has launched the Emergency Homeowners’ Loan Program (EHLP) to assist homeowners who are at least 90 days late on their mortgage with monthly mortgage payments up to $50,000

 
PRLog - Jul. 7, 2011 - LEWISVILLE, Texas -- June 29, 2011
Contact: JoAnn DePenning, TFPTF
512.295.7975
 
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 NeighborWorks® 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 NeighborWorks® 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
Website: www.avenidaguadalupe.org
Phone Number: (210) 223-3151
Location: San Antonio

BCL of Texas
Website: www.ehlptexas.org
Phone Number: (877) 417-8272
Locations: Dallas, Austin

CCCS of Greater Dallas
Website: www.cccs.net
Phone Number: (214) 638-2227
Locations: Dallas, Austin

CredAbility
Website: www.CredAbility.org
Phone Number: (800) 984-0979
Location: National Hotline

GreenPath Debt Solutions
Web: www.greenpath.com
Phone: (888) 893-2711
Locations: Brownsville, Corpus, Denton, Harlingen, McAllen, McKinney, Plano, and Texarkana
 
Homeownership Preservation Foundation - HOPE Hotline
Web: www.995hope.org
Phone: (888) 995-HOPE
Location: National Hotline

Houston Area Urban League
Web: www.haul.org
Phone: (713) 393-8700
Locations: Houston Area

Money Management International - MMI
Web: www.get-ehlp.org
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
Web: www.nw-waco.org
Phone: (254) 752-1647
Location: Waco
 
Operation HOPE
Web: www.operationhope.org
Phone (877) 592-4673
Location: National Hotline

Springboard Non Profit Consumer Credit Management, Inc.
Web: www.credit.org
Phone: (877) 947-3752
Locations: San Antonio, National Hotline

Urban League of Greater Dallas & North Central Texas
Web: www.ulgdnctx.com
Phone (214) 915-4600
Locations: Greater Dallas and North Central Texas

YWCA El Paso Del Norte
Web:www.ywcaelpaso.org
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 NeighborWorks® 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 Prevention Task Force in helping homeowners 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.
Based in Lewisville, Texas, we serve clients throughout the DFW Metroplex including Dallas, Fort Worth, Carrollton, Coppell, Flower Mound, Plano, Frisco, Irving, Garland, The Colony, Lake Dallas, Lewisville, McKinney, Highland Village, Richardson, Cedar Hill, Desoto, Lancaster, Highland Park, University Park, Village, Bedford, Colleyville, Euless, Grapevine, Hurst, Mansfield, Southlake, North Richland Hills, Richland Hills, Shady Shores, Corinth, Denton, Keller, Little Elm, Double Oak, Copper Canyon, Hickory Creek, Argyle, Allen, Trophy Club, Bartonville, Addison, Oak Point, Krum, Watauga, Rowlett.
Our services include: Condo, Condo For Sale, Condos, Condos For Sale, Home, Home For Sale, Homes For Sale, New Home, House, House For Sale, Houses For Sale, Property, Property For Sale, Properties, Properties For Sale, Real Estate, Real Estate For Sale, Townhome, Townhome For Sale, Townhomes, Townhomes For Sale, Lake Home, Lake Home For Sale, Lake Homes, Lake Homes For Sale, Lake Property, Lake Property For Sale, Lake Properties, Lake Properties For Sale, Vacation Home, Vacation Home For Sale, Vacation Homes, Vacation Homes For Sale, Waterfront Home, Waterfront Home For Sale, Waterfront Homes, Waterfront Homes For Sale, Waterfront Property, Waterfront Property For Sale, Waterfront Properties, Waterfront Properties For Sale, Foreclosure, Foreclosures, Foreclosures For Sale, Short Sale, Short Sales, REO, REO Property, REO Property For Sale, REO Properties, REO Properties For Sale, Bank Owned Properties, Bank Owned Properties For Sale, Rental, Rentals, Rental Home, Rental Homes , Rental Property, Rental Properties, Income Property, Income Properties, Investment Property, Investment Properties, Build To Suit, Builder, Builders, Duplex, Duplexes, Senior Housing, Over 55 Communities, Adult Communities, MLS, MLS Listings, MLS Search, Property Search, Real Estate Search, Broker, Brokers, Estate Agent, Real Estate Agent, Real Estate Agents, Realtor, Realtors, Realty.  You can reach Eyad Salloum at (214) 562-5039, email: eyad@dfwneighbor.com or visit his Web site at www.dfwneighbor.com.

# # #

Eyad Salloum, Realtor, with RE/MAX Advantage specializes in helping people buy and sell real estate in the Dallas Fort Worth metropolitan area. Eyad Specializes in Luxury homes, Foreclosures, Short Sales, Relocation, and Buyer Representation.

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Source:Eyad Salloum
Phone:469-464-2641
Zip:75067
City/Town:Lewisville - Texas - United States
Industry:Real Estate
Tags:Real Estate, homes for sale, luxury homes, reo, short sale, houses for sale, Foreclosures, bank, relocation
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