HOMEOWNERS SHARE THEIR MORTGAGE SITUATIONS AND HOW KEEP YOUR HOME CALIFORNIA HELPED

Keep Your Home California has helped almost 25,000 hard-hit families, from out-of-work homeowners to those who are in need of principal reduction and lower monthly payments.

The state-run program recently launched a new website (link to www.KeepYourHomeCalifornia.org), with several real homeowner success stories featured on the homepage. Click on their photos and you will learn more about Abigail, Curtis, David, Wayne and a few other real homeowners and their situations.Image

They are just like many of the thousands of other Californians who call the counseling center every day, worried about their homes and looking for a solution. Perhaps they are like you.

Keep Your Home California appreciates these homeowners and their willingness to share their experiences, something that is not easy for many. But these individuals understand the need to educate and encourage more homeowners to apply for the $2 billion program – and help save their homes.

Keep Your Home California has four distinct programs, each with the goal of helping homeowners who have suffered a financial hardship, such as a job loss, a cut in pay or work hours, divorce or extraordinary medical bills (each homeowner’s situation is different, these are just the most common challenges).

ImageFor example, the Unemployment Mortgage Assistance Program offers as much as $3,000 per month for up to nine months in mortgage payments. Out-of-work homeowners should apply if they are currently receiving jobless benefits from the Employment Development Department. The Principal Reduction Program provides a maximum of $100,000 to lower principal – and often monthly payments as a result – for homeowners with underwater mortgages.

You can learn more about these programs and the Mortgage Reinstatement Assistance and Transition Assistance programs at http://keepyourhomecalifornia.org/programs/.

Keep Your Home California — established under the U.S. Treasury’s Hardest Hit Fund – has helped many homeowners, including those on the homepage. Check out the homeowner profiles and read how they found out about the program, their experience with the application process and how it has changed their lives.

If you would like more information about Keep Your Home California, check www.KeepYourHomeCalifornia.org (or www.ConservaTuCasaCalifornia.org in Spanish) or call 888-954-5337. The processing center is open 7 a.m. to 7 p.m. weekdays, and 9 a.m. to 3 p.m. Saturdays. Calls can be accommodated in virtually any language.