Help For California Homeowners Struggling With Their Mortgage Payment!
There is a progam that was created in June 2010, and has access to nearly $2 billion in federal funds to help those homeowners in California prevent foreclosure. It's called Keep your Home California and here are four ways they can help:
- Unemployment Mortgage Assistance - This provides assistance to eligible homeowners that are suffering from unemployment.
- Mortgage Reinstatement Assistance Program - This helps eligible homeowners reinstate their first mortgage loan if they have fallen behind due to a "Short-Term" financial hardship.
- Principal Reduction Program - This helps eligible homeowners that are severely up-side down qualify for a sustainable loan modification by reducing the loan amount.
- Transition Assistance Program - This provides a one-time fund to eligible homeowners that have lost their home to relocate them to new housing.
There are eligibility requirements for all programs for homeowners and for the properties. To find out the specifics on each program visit the Keep Your Home California Website.
For answers to some of your questions about foreclosures, short sales, deed-in-lieu's, you can also visit www.ShortSaleOurHouse.com for more information and free reports.
Comments (0)Subscribe to CommentsComment