August 12, 2010 Leave a comment
Good News for those of you Washingtonian unemployed with the mortgage payment responsibility! The administration announced yesterday that they send a $3-billion lifeline to jobless homeowners struggling to make mortgage payments.
One program will assist 17 states with higher than average unemployment, along with Washington, D.C.
Another part of the plan includes a new $1 billion program that will offer loans to unemployed borrowers at risk of losing their homes. The loans, which will be dispersed through nonprofit and housing agencies, will carry 0% interest and be good for a maximum of $50,000 for up to two years. Read more of this post