DECEMBER 2013
KeepYourHomeCalifornia | Newsletter

Holiday Greetings
Wishing you and yours a happy and peaceful
Holiday Season!
We've surpassed the $500 million mark

Keep Your Home California has now distributed over $500 million in federal funds to struggling homeowners in our state. More than 33,000 homeowners have been helped with this $500 million in mortgage assistance - to either reduce their principal balance by as much as $100,000, catch up on past-due payments, have their mortgage covered while they're unemployed, or transition to a new housing situation.

 

While this is a nice milestone for the program, we know there are still many California homeowners who are struggling with their mortgages. There are still plenty of funds remaining so if  you, or someone you know is facing a financial hardship and could benefit from our free assistance, give us a call at 888.954.KEEP (5337).

Funding
(as of Dec. 17, 2013)

Programs
  
Homeowners Assisted
Total Amount Distributed
Unemployment Mortgage Assistance
25,290
$307,382,551.52
Principal Reduction Program
2,729
$152,509,184.76
Mortgage Reinstatement Assistance Program
4,703
$61,638,251.03
Transition Assistance Program
443
$1,713,027.13
Total Program
Funds Allocated
33,165
$523,243,014.44
End of EDD benefits does not mean end of mortgage help

The federal unemployment insurance extensions are set to expire on December 28, 2013. However, unemployed homeowners can still qualify for assistance under our Unemployment Mortgage Assistance program. Homeowners who have received unemployment insurance benefits within 30 days of applying for assistance through Keep Your Home California can still be eligible for up to 12 months of free mortgage assistance. Homeowners in this situation should call us as soon as possible at 888.954.KEEP (5337).

Mario Lopez continues to help raise awareness for Keep Your Home California
Mario Lopez encourages homeowners to call Keep Your Home California and get mortgage information

You've probably heard him on your local radio station. And Mario Lopez, of "Saved by the Bell" and "Extra" fame continues to be the voice and the face behind Keep Your Home California. In fact, new television commercials have just been filmed and will be ready to hit the air early in 2014. These TV spots will feature real homeowners who have been helped by one of the four Keep Your Home California programs. Look for more Mario and some grateful homeowners, coming soon to a screen near you!

Recent Blog Post:
Principal Reduction Program to help some homeowners with underwater mortgages

Homeowners flailing financially with severely underwater mortgages could receive a much-needed life vest - possibly as much as $100,000 in principal reduction from Keep Your Home California. Read More   

Success Story: Al R.
Unemployment Mortgage Assistance program helps Al save his home - and his dream.

Soon after Al R. bought his dream house, he lost his great-paying job.

 

Like many homeowners in recent years, the American Dream had become a real-life nightmare - and an everyday struggle. Read More 

Monthly Question & Answer

A: Yes, it is possible to receive assistance from more than one Keep Your Home California program. For example, a homeowner who previously received UMA benefits may qualify for MRAP once they have secured employment. There is an overall benefit cap of $100,000 per household. Qualifying previously for a KYHC program does not guarantee eligibility  

for another program. Homeowners must meet program eligibility criteria each time they apply for assistance.

 

Each Keep Your Home California program was designed to provide struggling homeowners with a unique type of foreclosure prevention assistance. For more information about each program, visit our Programs page or call 888.954.KEEP (5337) to speak with a Keep Your Home California representative who will explain program requirements and criteria.

 

See more frequently asked questions

To see all Servicer Scorecards, please visit the Participating Servicers webpage.

Visit the Reports and Statistics  page to view data and see more quarterly reports.




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www.KeepYourHomeCalifornia.org - 888.954.KEEP(5337)