Posts Tagged ‘suspending foreclosures’
While foreclosures in Wisconsin are down, the housing crisis still exists in Milwaukee, Kenosha, Waukesha, and other southeastern Wisconsin communities that Miller and Miller serves. Here is a link to an interesting article from MSN Money on why something needs to be done to remedy the housing crisis, along with a unique solution.
If you live in the Milwaukee metro area and are looking for ways to keep your home, contact Miller and Miller today. And remember that we have offices conveniently located in Milwaukee, Kenosha, and Germantown to ensure that everyone in southeastern Wisconsin has an office close by.
In June, the HUD launched $1 billion Emergency Homeowners’ Loan Program, or EHLP. This program is one that targets homeowners who are among the most difficult to help; those who fell behind on their mortgage payments because of job loss or unexpected medical bills. This latest government program was supposed to start last year, but implementation delays mean that HUD must spend all of its $1 billion by the end of September 2011. This program will help home owners repay mortgage payments that are behind.
Nationwide, HUD is hoping to help $30,000 homeowners through the program. Please go to the link below or contact me at 414-277-7742 for more information.
http://www.nw.org/network/foreclosure/nfmcp/EHLPconsumers.asp
No. In Wisconsin, the foreclosure process will usually take at least six to eight months after you receive “foreclosure papers.” You will have plenty of time to decide what course to take, whether that is allowing the foreclosure to take its course and finding a new home, or coming up with a solution to save your home. If you are in foreclosure and don’t know what to do, call us today. We can help!
Fannie Mae, Freddie Mac suspend foreclosures for holidays.