Foreclosure Prevention Counseling

RDRC provides a comprehensive program to educate and assist homeowners at risk of losing their homes. Our advisors are Neighborworks America trained Certified Foreclosure Counseling and Loss Mitigation Specialist. We provide client advocacy, available options to maintain your home, forbearance agreements, and options to consider when you cannot afford to keep your home.

New Program  - EHLP

HUD Emergency Homeowners’ Loan Program (EHLP)

RDRC was recently selected by State of New York Mortgage Agency (SONYMA) to participate in the federally funded Emergency Homeowners’ Loan Program (EHLP). This program was created to provide emergency mortgage assistance to homeowners who are temporarily and involuntarily unemployed or underemployed due to the economy or a medical condition and are at risk of foreclosure.

EHLP can provide eligible homeowners with a 0% interest, forgivable loan that pays past-due mortgage payments (principal, interest, taxes, insurance, attorney fees), as well as a portion of the homeowner’s mortgage payment for up to 24 consecutive months, or up to $50,000, whichever comes first, and provided that certain eligibility requirements are maintained.

Because of the anticipated high demand for EHLP, interested homeowners will be required to complete a Pre-Applicant Screening Worksheet. If there are more potentially eligible pre-applicants than funding available, the worksheets will be entered into a lottery. Homeowners will be randomly selected through the lottery and invited to apply for EHLP. Unfortunately, some qualified homeowners will not be selected and some will complete an application but not be approved to receive assistance.

The deadline for submitting the Pre-Applicant Screening worksheet is July 22, 2011.

To find out if you qualify for EHLP, contact RDRC at 718.327.5300 or info@rdrc.org or simply download the pre-application screening document here.