Latest from Clearwater Real Estate Tampa Homes |
| Emergency Homeowner Loan Program Posted: 13 Aug 2010 03:33 PM PDT Clearwater FL – Florida to receive about $239-million in what is called a new Emergency Homeowner Loan Program to help struggling unemployed homeowners to help avoid foreclosure. States that have already benefited from previously announced assistance under the Hardest Hit Fund may use these additional resources to support the unemployment programs previously approved by Treasury or they may opt to implement a new unemployment program. States that do not currently have Hardest Hit Fund unemployment programs must submit proposals to Treasury by Sept. 1, 2010 that, within established guidelines, meet the distinct needs of their state. "We remain committed to helping struggling homeowners, and this program will provide additional assistance to states hit hardest by unemployment," said Assistant Secretary for Financial Stability Herb Allison. "This is part of the Administration's comprehensive housing policy that has helped to stabilize a fragile housing market and allows responsible homeowners the chance to reduce their monthly mortgage payments to affordable levels." "HUD's new Emergency Homeowner Loan Program will build on Treasury's Hardest Hit initiative by targeting assistance to struggling unemployed homeowners in other hard hit areas to help them avoid preventable foreclosures," said Bill Apgar, HUD Senior Advisor for Mortgage Finance. "Together, these initiatives represent a combined $3 billion investment that will ultimately impact a broad group of struggling borrowers across the country and in doing so further contribute to the Administration's efforts to stabilize housing markets and communities across the country." President Obama first announced the Hardest Hit Fund in February 2010 to allow states hit hard by the economic downturn flexibility in determining how to design and implement programs to meet the local challenges homeowners in their state are facing. Under the additional assistance announced, states eligible to receive support have all experienced an unemployment rate at or above the national average over the past 12 months. Each state will use the funds for targeted unemployment programs that provide temporary assistance to eligible homeowners to help them pay their mortgage while they seek re-employment, additional employment or undertake job training. See entire article: =================================== Ask us for a Market Survey – Find Out What Your Home is Worth. Search MLS: Email us today if you are thinking of buying or selling your home or condo in Clearwater FL, or any of these other local cities: Dunedin FL, Safety Harbor FL, Palm Harbor FL, Largo, Seminole, Tarpon Springs, Clearwater Beach FL, Belleair Beach, Indian Rocks Beach, Indian Shores, Redington Shores, North Redington Beach, Redington Beach, Madeira Beach, Treasure Island or St Pete Beach. If you're looking for a Realtor we'd like you to know that we are passionate about being your real estate advocate. We're committed to delivering Results based on Integrity, Knowledge & Experience – helping you find the perfect home or condo – just ask. We'd like to be YOUR We specialize in luxury and waterfront condos and homes! Call Jack @ 727710.8036 or Cyndee @ 727.710.8035 Jack and Cyndee Haydon Charles Rutenberg Realty 1545 S. Belcher Road Clearwater, FL 33764 Jack's Cell: 727-710-8036 Cyndee's Cell: 727-710-8035 See What a Customer Says About Us: Search the MLS: Posted via email from ClearwaterRealEstateTampaHomes’s posterous |
| You are subscribed to email updates from Clearwater Real Estate Tampa Homes To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 comments:
Post a Comment
Note: Only a member of this blog may post a comment.