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Relief for Homeowners in the Financial Reform Bill

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The new law will also include an Emergency Homeowners Relief Fund that will provide emergency relief from foreclosure for those with a proven history of working and paying their mortgage. This program is modeled after Pennsylvania's Homeowners' Emergency Mortgage Assistance Program that has provided 41,400 homeowners with over $433 million in emergency mortgage assistance since 1984. The Nationwide Emergency Homeowners Relief Fund will not go into effect until October 1st, 2010. If you are currently in danger of losing your home please visit HEMAP.


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