Emergency Homeowners’ Loan Program Day: “Time Is Running Out To Get Help With Your Mortgage”

It’s a rough economy, and beleaguered homeowners — some newly unemployed because of the recession — are struggling for ways to make their next mortgage payment. That’s why State Senator Carl Kruger and Brooklyn Housing & Family Services are teaming up to sponsor “Emergency Homeowners’ Loan Program Day,” July 19 from 10 a.m. to 2 p.m.

During the four-hour event, which will be held at Kruger’s district office, 2201 Avenue U at East 22nd Street, homeowners will be able to pre-apply for federal assistance to pay off a portion of their mortgage.

From the press release:

The Emergency Homeowners’ Loan Program is a new initiative offered by the U.S. Department of Housing and Urban Development. It is aimed at homeowners who are at least 90 days late on their mortgage, and unemployed or working fewer hours because of the economy or a medical condition. The program provides eligible homeowners with assistance that pays part of their mortgage for up to two years or up to $50,000.

On July 19, homeowners who come in for the pre-application process will be asked 13 questions to determine their eligibility. Counselors from Brooklyn Housing & Family Services will conduct the pre-application interviews. Those who qualify for the emergency loan program will be notified in August.

“Many homeowners have been hard hit by the economic downturn. This federal program will assist those who need it most with the help they need to weather the storm,” Sen. Kruger said. “I encourage all homeowners who are at three months behind on their mortgage to apply.”

An appointment is required; call Kruger’s district office at (718) 743-8610.