In an announcement made yesterday, the California Housing Finance Agency said that a total of twenty mortgage servicing firms have now joined in participating in its federally funded Keep Your Home California program. Designed to help struggling homeowners make their mortgage payments, even if unemployed, the program uses federal funds to assist those owners. The twenty firms include the six largest in the state and is an increase from the original eight that started in February The group as a whole services about 80% of all home mortgages in California. So this is an important step.
Under the plan, there are a number of different programs that can be accessed, depending on the individual owner's situation. The program also has both Spanish and English language web sites for more information: Keep Your Home California and Conserva Tu Casa California. Google these names for exact site addresses. Alternatively, if you need help, call your bank immediately and see if they participate, and, if they do, how you can get the help you need.
As always, Good Luck!
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