Posts Tagged ‘losing your home’

Save Your Home From Foreclosure

March 24, 2011

If you are close to losing your home or know someone who is, California has 4 NEW Housing Finance programs that can provide direct assistance to help prevent foreclosure.

Unemployment Mortgage Assistance Program (UMA) – Provides up to 6 months free mortgage payments for unemployed homeowners.

Mortgage Reinstatement Assistance Program (MRAP) – Provides up to $15,000 in mortgage payments for homeowners that have experienced a change in household circumstance which has led to default.

Principal Reduction Program (PRP) – Provides funding to homeowners whose homes are now worth less than their mortgage.

Transition Assistance Program (TAP) – Provides money for relocation costs in the event of a short sale or deed in lieu of foreclosure.

To find out if you or someone you know is eligible for one of these federally funded programs click here.