making home affordable: Mortgage Relief for the Unemployed - New and Actually Improved
- 08/04/11 05:29 AM
As of August 1st, HUD is putting into action a revamped version of last year's Home Affordable Unemployment Program. In that program, unemployed homeowners could get a three-month forbearance on their mortgage payments while they looked for a job. Unfortunately, the program was not a resounding success. Only 10,000 of the 13 million unemployed in the country qualified for the aid, which was a three month forbearance...not much when you consider that nearly half of those who are unemployed have been unemployed for at least 6 months. The new and improved version of the program significantly increases the three months to (0 comments)