We were able to get our mortgage loan modified over a year ago but when my job was eliminated it is looking really bleak! Target Population/ Areas The Unemployment Mortgage Assistance Program (“UMA”) is one of CalHFA MAC’s federally-funded programs developed to provide temporary financial assistance to eligible California homeowners Have you heard of the Keep Your Home California program? Some of these may include transition to other foreclosure alternatives, such as deed-in-lieu of foreclosure or short sale. http://www.scchousingsearch.org. Homeowners often have to be the “connector” between departments at the bank (who may not be speaking with each other). If you are an Oregon homeowner who is unemployed, the Mortgage Payment Assistance Unemployment Program (MPAU) can help!. You must also be eligible for unemployment benefits, owe less than $729,750 toward your mortgage, and live in your home. ( Log Out / Hello Raul, more Unemployment Mortgage Assistance. Michelle had used up her savings and was concerned about her ability to pay her mortgage while unemployed. At the end of the forbearance, you may be evaluated for a mortgage … The Home Affordable Unemployment Program will be able to help thousands of homeowners across the country with making their monthly mortgage payments. Unemployment Mortgage Assistance Program. Thank you Daniel, we’re glad to hear that! If you have any questions, please feel free to contact us on our hotline: (408)-293-6000, or visit our website: www.foreclosurehelpscc.org. Does Keep Your Home California still pay mortgage even when unemployment runs out? Mortgage Reinstatement Assistance. From The Unemployment Mortgage Assistance Program (UMA) will use federal funds to give mortgage-payment assistance to unemployed homeowners in California. Do you have any programs for home owners who have already lost there homes and now need assistance for rent? Thanks! Program Manager, Foreclosure Help. PRP-Principal Reduction Program: Homeowners who owe more than their property is worth, may be eligible for a principle reduction. The Keep Your Home California program applies to primary mortgages in first position only. Thank you for writing and good luck! Thank you for writing, a few suggestions/answers to your questions: 1) Yes, you are correct, if the investor does not participate in the principal reduction program, then it won’t work for your situation. Not just for Veterans! Through the Unemployment Mortgage Assistance Program, the California Housing Finance Agency will provide temporary cash grants and other forms of financial assistance in the form of a mortgage … Pingback: NEW WEBSITE OFFERS 12 QUESTIONS THAT HELP HOMEOWNERS TO DETERMINE IF THEY MIGHT QUALIFY FOR AS MUCH AS $100,000 IN MORTGAGE ASSISTANCE | ForeclosureHelpSCC, Pingback: Check the Facts, Figures and How Keep Your Home California is Helping Homeowners | ForeclosureHelpSCC, Pingback: HOMEOWNERS SHARE THEIR MORTGAGE SITUATIONS AND HOW KEEP YOUR HOME CALIFORNIA HELPED | ForeclosureHelpSCC, Pingback: HAMP Program Is Extended Until 2015: What does this mean for homeowners in San Jose and Sunnyvale California? Pandemic Unemployment Assistance (PUA) offers the following relief: Adds $600 per week to the Unemployment Insurance benefit, which in California is a maximum of $450 per week. Background. I’m pasting in information from two postings from our HUD-approved counselors from earlier this year: Michelle was approved to have KYHC make her payments for up to up to 9 months while she looked to secure new employment and had KYHC administer her first mortgage installment before her payment was due, helping her preserve her credit. Please note: All content included in the ForeclosureHelpSCC blog is provided for information only and should NOT be considered legal or tax advice. MRAP-Mortgage Reinstatement Assistance Program: This program can help by reinstating past due payments. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. Unemployment Mortgage Assistance Summary Guidelines 1 UMA 06/2014 1. If you want to give us a call, we can direct you to some local resources. For more than 70 years, we have connected millions of job seekers and employers in an effort to build the economy of the Golden State. To find out more about these four programs, or to set up an appointment with a housing counselor who can discuss these programs with you, contact ForeclosureHelpSCC by calling us at (408) 293-6000. Program Goals 3. Provides an overview of the California Employment Development Department (EDD). Unemployment Mortgage Assistance (UMA) is monthly mortgage assistance for unemployed homeowners collecting unemployment benefits (EDD) from the State of California. If you lose your job though no fault of your own, you might be eligible to receive mortgage payment assistance from a Hardest Hit Fund program in your state. Thank you, Pingback: Five Important Policy Updates For California Homeowners and Tenants in 2013 Related to Foreclosures, Short Sales, and the Homeowner’s Bill of Rights | ForeclosureHelpSCC. We already received your help. The assistance comes as more than 1 million Californians have applied for unemployment benefits this month due to layoffs or reduced hours amid the pandemic, Newsom said. Structure of Assistance: CalHFA MAC will structure the assistance as a non-recourse, non-interest bearing subordinate loan in favor of the Eligible Entity (CalHFA MAC) secured by a junior lien recorded against the property in the amount of the total reduced PITI and any escrowed homeowner’s association dues or assessments, and equal to the total amount of HHF unemployment assistance. If you’ve helped a homeowner with KYH funds 9 months ago, can he receive forgiveness of the KYH loan since he is insolvent and needs to sale the property? Millions of people are filing for unemployment, trying to pay rent and deferring … Call us at (888) 320-6526. The homeowner(s) cannot be in bankruptcy while applying for Keep Your Home California Program. If so, please contact our hotline at 408-293-7400. By Aurora Olivares, Housing Counselor at Project Sentinel, one of the members of ForeclosureHelpSCC. ( Log Out / Help with rental assistance after a foreclosure-What’s out there? Thank you. Unemployment Mortgage Assistance. My bank which is BOA states that our investor do not participate in PRINCIPAL REDUCTION Therefore, they still wants us to pay almost 400,000 principal balance. As you’re probably aware, time is of the essence in applying because you HAVE to be approved for or already receiving unemployment benefits for the Unemployment Program: “With recent estimates that 400,000 Californians could lose their unemployment benefits unless Congress extends them, it is particularly important for homeowners who are unemployed to get their applications in NOW while they are still receiving unemployment. Up to $3,000 in monthly assistance for homeowners that are currently receiving or are approved to receive unemployment pay from California’s Employment Development Department (EDD). Using government grants, abatements and counseling, it should stop or delay many foreclosure filings across the country by providing unemployed individuals with much needed time to search for new work. Available to borrowers that are currently unemployed. Loan Principal Reduction Program The program helps homeowners who have lost their job through no fault of their own, specifically due to the coronavirus COVID-19 outbreak, and are receiving Nevada State Unemployment Insurance Benefits (UIB). If you are a homeowner who already has an active application in progress, and have questions, please call (888) 320-6526 between 10 AM and 2 PM Monday through Friday, except holidays, and leave a message with your name, phone number, and homeowner ID. The Unemployment Mortgage Assistance Program (“UMA”) is one of CalHFA MAC’s federally-funded programs developed to provide temporary financial assistance to eligible California homeowners who wish to remain in their homes, but have suffered a loss of income due to unemployment For more information about the Treasury’s role in supporting Nevada and other states through the Hardest Hit Fund, please visit the Treasury’s website here. California, unlike 35 other states, did not accept federal aid that would have helped the state update technology to cross-examine unemployment claims with prison populations. "Pandemic Unemployment Assistance." Are you here in San Jose? Hi, Here are some quick facts about the Keep Your Home California program: Your lender/servicer must participate in the program in order to qualify for the Keep Your Home California funds. But I have a question. California Hardest Hit Fund Unemployment Mortgage Assistance Program This part of the program will help people who have lost their job or who have had a substantial reduction in household income. Second, BOA made at least 4 mistakes in our property/files and the latest one is, they approved us on October 19 2012 and last November 2012 is our first PAYMENT under trial payment period, however within 24 hours period we received two principal balances that leads two different mortgages amount, which the second one is unaffordable for us to pay and forced us to pay it.BOA do not admit the mistake and does not want to take responsibility to correct it either, their comment is, ‘WE ARE HUMAN, WE MAKE MISTAKES AND nothinng GOING TO CHANGE.” Third, my husband is a truck driver and on the second month of our trial period which December 2012, my husband truck went under repair due to gas leak and had to come back to terminal for repair after driving a day or two, so our pay check got affected since he gets paid by mileage and we informed the bank of our situation and they response is negative. Unemployment Mortgage Assistance—Up to $3,000 per month for up to twelve months for unemployed homeowners who are collecting unemployment benefits from the State of California's Employment Development Department (EDD). UMA-Unemployment Mortgage Assistance Program: Is designed to assist unemployed homeowners who are receiving EDD benefits. A few homeowners I’ve worked with here in the Bay Area are good examples of how Keep Your Home California works. Second mortgages or home equity lines of credit are not eligible for Keep Your Home California programs. For instance, the Keep Your Home California Unemployment Mortgage Assistance program provides monthly cash benefits to eligible unemployed homeowners for up to nine months. At this time we have suspended accepting new applications. Mortgage Payment Relief During COVID-19 Crisis; Trouble Paying Your Rent. 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