Info On The Keep Your Home California Packages
Posted on May 2nd, 2012
Hey, I am Mike Rigley, a certified default advocate, distressed property expert and California’s short sale specialist. Welcome to our video blog. As default advocates and short sale specialists, we want homeowners to know all of their options. Whether you are behind on your payments, presumably dealing with foreclosures, or possibly you simply owe greater than your house is worth, we are right here to help.
Right now we are going to discuss the Keep Your Home California Program. It is a 2 billion dollar state run program designed to assist low to moderate income householders in distress. fifty five of the most important servicers representing ninety% of the mortgages in California at the moment are taking part on this program. To date, more than 10,000 homeowners have either obtained funding or are in the process of getting monetary help from the Keep Your Home California Program.
Bank of America, Wells Fargo, Chase, GMAC, Citi Mortgage and EMC Mortgage are a couple of of the participating servicers. These necessary programs include the unemployment mortgage assistance program. This gives as much as $three,000 monthly for homeowners collecting unemployment benefits which can be in eminent danger of defaulting on their house loan. The mortgage reinstatement assistance program presents as a lot as $20,000 per household to reinstate mortgages to stop foreclosure. These funds can be found to householders who’ve fallen behind on their mortgage payments as a consequence of a brief change in household income. The principle reduction program lowers the principle owed by a mortgager by as much as $50,000 up to $one hundred,000. The transition assistance program offers up to $5,000 in relocation help for householders who can no longer afford their residence when their lender agrees to a short sale or deed in lieu of foreclosure.
Keep Your Home California is aimed toward helping low and moderate revenue householders who are struggling with their mortgage funds in the worst real estate crisis in generations. The packages are limited to householders who meet numerous criteria. For a whole description of the applications and to seek out out if your lender is taking part in these programs or to see should you qualify call 1-888-317-9376 for a free consultation.
It is essential to us that you have a look at all of your options. Call me today, sleep better tonight, you will be glad you did. Again, I’m Mike Rigley, California’s short sale specialist, and I’m right here to help. Thanks and we’ll see you soon.
Filed under California Program, Citi Mortgage, Collecting Unemployment Benefits, Deed In Lieu of Foreclosure, Dollar State, Emc Mortgage, Home California, Household Income, Moderate Income, Mortgage Assistance Program, Mortgage Payments, Mortgager, Necessary Programs, Property Expert, Reinstatement, Transition Assistance Program, bank of america, deed in lieu, distressed property, foreclosure, foreclosures, short sale, wells fargo | No Comments »