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10/29/2020

Liberty Pulse

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Presenting Obama’s Latest $50,000 Non-Recourse, Interest-Free Gift To “Troubled” Homeowners

1 min read

Presenting Obama’s Latest $50,000 Non-Recourse, Interest-Free Gift To “Troubled” Homeowners

Today the Obama administration launched its latest $1 billion “stimulus” in the form of the Emergency Homeowner’s Loan Program (EHLP), certainly not to be confused with Homeowner Emergency something something, which would be abbreviated HELP (and would be way too cute). The formal reason for the program is to provide emergency loans to ‘homeowners’ facing foreclosure, or basically all of them, to help tide them over “a temporary financial crisis”, the Department of Housing and Urban Development (HUD) has announced. The informal reason is to provide thousands of Americans with a $50,000 recourse and interest-free loan for up to…

http://www.zerohedge.com/article/presenting-obamas-latest-50000-non-recourse-interest-free-gift-troubled-homeowners

Read Article Here…

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