HUD to give away $1 billion to struggling homeowners

It is my hope that all of the people that need this help will receive it this time. I also hope that the response time is better with this new program. My mother waited for almost year before she received the help she needed to keep her home. It was truly a stressful time for the whole family.

Sandra Allwine has been pleading her bank for more than two years to modify the mortgage on her Arlington County home. Despite exhausting all her savings and having her daughter move in to help with her $3,000 mortgage payment, Allwine, 65 and unable to find work, is still struggling to save her home from foreclosure.

But in June, a potential lifeline opened up. The newly launched, $1 billion Emergency Homeowners’ Loan Program, or EHLP, is targeting homeowners who are among the most difficult to help: those who fell behind on their payments because of job loss or unexpected medical bills. For many of them, it might be the last chance to save their homes.

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