January 2011 – New Emergency Homeowner Loan Program. A federally-funded loan program will be available to assist the unemployed, and those who have exhausted unemployment benefits, who are facing foreclosure. Eligible homeowners may qualify for 0% interest bridge loans up to $50,000 to assist with mortgage arrearage, delinquent taxes and insurance, plus up to 24 months of payments for mortgage, taxes, and insurance. When the program is implemented, information will be posted on Massachusetts DUA website www.mass.gov/dua to help claimants apply.
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