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FORECLOSURE FRAUD | by DinSFLA California Mortgage Relief Program Expands Eligibility Requirements for Homeowners Who Experience Pandemic-Related Financial HardshipsFORECLOSURE FRAUD

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California Mortgage Relief Program Expands Eligibility Requirements for Homeowners Who Experience Pandemic-Related Financial Hardships

California Mortgage Relief Program Expands Eligibility Requirements for Homeowners Who Experience Pandemic-Related Financial Hardships

The California Mortgage Relief Program has significantly expanded eligibility requirements to offer funding to a greater number of California homeowners who have fallen behind on housing payments due to the impact of the COVID-19 pandemic. The program has modified the past-due requirement to include homeowners who missed payments in the first half of 2022, expanded the income eligibility and will now cover past-due property taxes for more homeowners.

“Many California homeowners, like many renters, felt the impact of COVID-19 on their household finances, putting them at risk of losing the homes they’ve worked so hard for,” said Secretary of the California Business, Consumer Services and Housing Agency Lourdes Castro Ramírez. “I’m proud of the partnership with the U.S. Treasury providing $1 billion for the California Mortgage Relief Program and I applaud the California Housing Finance Agency for removing barriers to participating and providing greater program flexibility to assist more California homeowners struggling to stay in their homes.”

To continue reading the rest of the article, please click on the source link below:

https://www.benzinga.com/pressreleases/22/06/b27704621/california-mortgage-relief-program-expands-eligibility-requirements-for-homeowners-who-experience-

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