In June, HUD launched a new grant program that offers homeowners who are behind on their mortgage payment a 2 year interest free loan of up to $50,000. There are 1 billion in funds to be used for this program: Emergency Homeowners' Loan Program.
Elegibility screening will begin on June 20th and run through July 22, 2011.
More information can be found at HUD.gov, search Emergency Homeowners' Loan Program
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