Unemployed and underemployed homeowners in danger of foreclosure have until Friday to apply for a federal program offering forgivable loans.
The U.S. Department of Housing and Urban Development is offering loans under the Emergency Homeowners' Loan Program that will bring delinquent loans current, and then pay part of the homeowners' mortgage payments over the next two years. The homeowner would also have to make part of the monthly payment. The homeowner goes back to full payments after two years.
If homeowners maintain the full payments, the outstanding federal loan amount is forgiven by 20 percent every year until it disappears.
Even if homeowners are in bankruptcy, they may be eligible if the bankruptcy is discharged or dismissed by early October.
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To apply, fill out a worksheet at www.kscccs.org or www.findehlp.org and submit it to Consumer Credit Counseling Service by Friday.
The application may be submitted in person or by fax, e-mail or mail. Applicants can call and complete the worksheet over the phone.
Call the counseling service at 316-265-2000 or 785-827-6731 or go to www.kscccs.org.