01/01/2022
A PSA From University Realty
Happy New Years!
Today, you may be with family/friends with forbearance plans that are expiring. If not your family, then someone your friends/and family know.
It's an emotional time for many families, as some fall further behind on their mortgage payments. But there is new hope, and what better New Years gift can you tell them about than hope?
The $$ will go FAST, so they need to be "at the ready" from day 1' to benefit, so they should visit the portal "asap" before the filing date to get their paperwork in order before the rush!!!!!
$1 Billion New Dollars Available to CA Distressed Homeowners!
State officials announced Monday that up to 40K homeowners could receive relief with new funding of the California. Mortgage Relief Program.
The California Mortgage Relief Program is expected to begin accepting new applications in the coming weeks through an online portal.
A detailed description of California's program, as approved by the U.S. Department of the Treasury, can be viewed on the link below.
The financial support is provided as a one-time grant that qualified homeowners do not have to repay.
Californians at or below 100% of their Calif. county's Area Median Income, who own a single-family home, condo, or manufactured home (permanently affixed) and faced a pandemic-related financial hardship after January 21, 2020, may be eligible.
The state's plan to provide $1 billion in new mortgage relief grants to homeowners who have fallen behind on housing payments or reverse mortgage arrearages during (and due to) the pandemic
Under the state's plan, the California Mortgage Relief Program is expected to help an estimated 20,000 to 40,000 struggling homeowners, with funds reserved for homeowners in socially disadvantaged and underserved communities often hit hardest by the pandemic, according to state officials.
California's "Housing is Key' program has already provided renters and landlords with the assistance and resources they need to stay afloat.
Now, with our California Mortgage Relief Program, we are extending that relief to homeowners."
Through the mortgage relief program, past due housing payments are expected to be covered in full – up to a maximum of $80,000 per household – with direct payments to qualified homeowners' mortgage servicers, state officials claim.
The California Mortgage Relief Program will be the largest in the nation $1 billion in funds to help tens of thousands of homeowners save their homes SACRAMENTO – Governor Gavin Newsom today announced…