Distressed California Homeowners May Qualify for California’s Keep Your Home California Transition Assistance Program.
If your financially distressed California clients can no longer afford their homes and are pursuing a short sale or a deed in lieu of foreclosure, they may be eligible for financial help with their relocation to alternative housing.
Up to $5,000 in transition assistance to qualified homeowners who can no longer afford to stay in their homes.
All that is required for homeowners is that they maintain their property until their house is sold or returned to the lender via a negotiated deed in lieu of foreclosure.
For qualified homeowners, these state funds may be used in addition to any other transition assistance that the homeowner may receive by participating in the Federal Home Affordable Foreclosure Alternatives (HAFA) program or in any other pre-offer short sale program.
To learn more about the Transition Assistance Program’s guidelines, and how you may qualify, click here and call us today.