ST. LOUIS, Mo. (KMOX) – Missouri homeowners headed for foreclosure have somewhere to turn – but they must act fast.
Some homeowners are applicable for interest-free forgivable loans through the Emergency Homeowners Loan Program, but Friday is the last day to apply.
Natasha Wyckoff, manager of Apprisen Financial Advocates, said the program is geared to help people who are unemployed or under-employed to avoid foreclosure. She said some homeowners are eligible for loans of up to $50,000.
“That’s to help the recipient of the money get up-to-date on their mortgage and pay off any past fees and things like that,” Wyckoff said.
She said applicants must be at least 90 days past due on their mortgage payments, and must have suffered a loss of income.
“That could be through loss of employment, a divorce or separation, anything from medical bills – anything that’s caused you to lose income,” Wyckoff said.
Applicants must apply on the Apprisen website by Friday to be considered for the program.
Congress provided $1 billion to the Department of Housing and Urban Development to implement the program.
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