Some good news for the unemployed: the FHA extended forbearance for long-term unemployed people so that they may avoid foreclosure. The FHA and the MHA (Making Home Affordable) programs are extending this relief to unemployed homeowners out of work for over 27 weeks. Two funds are working to assist homeowners. One if the “Hardest Hit Fund” offering $7.6 billion and the Emergency Homeowner Loan Program (EHLP) that offers $1 billion toward assisting the long-term unemployed.
Disclaimer: This blog is for informational purposes only and does not establish a client-attorney relationship. Consult with an attorney before taking action on any information found herein as individual circumstances may affect the applicability of information provided. Call The Law Office of Michael Riley at 508-405-0831 with any questions.
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