So I’m not sure how I feel about this program in general yet. I am all for the government helping out those who are REALLY in need. Unfortunately, that usually comes with helping out those who are REALLY lazy. Honestly though, if it helps even one person who is hard working and has had a difficult hand dealt to them, then I am ALL for it! But never-the-less, this article was brought up in our sales meeting, so I’d like to share!
Click here to read the full article: Program aims to keep homeowners facing foreclosure from losing their homes
Some great things about this program:
1. No Interest – The homeowner pays no interest on the money that is granted to them!
2. Strict Guidelines – They have placed strict guidelines to hopefully try and help the right people. No freeloading on this program!!
2. Not a Loan – I’m not sure why they are referring to it as a loan, but I want to be clear. This doesn’t have to be paid back! The money goes straight to the mortgage company to help the homeowner stay in their home longer, so that they can get back on their feet.
If you know of anyone who is currently under/unemployed and missed 3 or more payments on their home, please pass this along! It is a great opportunity to get some relief! It will help approximately 1,200 distressed homeowners, which sounds like a lot, but honestly, with the number of people out there who are in danger of foreclosing…1,200 is going to go fast! They have until July 22nd to sign up! Forms are available online at www.ehlp.nw.org!
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