The Keep Your Home California Transfer Assistance Program

Today we are discussing the Keep Your Home California Transition Assistance program or TAP. Let’s say none of the other Keep Your Home California programs worked out for you or you did not qualify. Whether you opted to short sale or Deed in Lieu of foreclosure you may qualify for TAP. 

  

TAP provides one-time funds up to $5,000 to help eligible West Sacramento homeowners relocate into a new housing situation after executing a West Sacramento short sale or deed-in-lieu of foreclosure program. To qualify the West Sacramento Homeowner must qualify as a low-to-moderate income household, as follows: 

• You must be in the low-to-moderate income bracket of 120% or less of the Housing and Community Development Area Median Income 120%. The HCD median income for a family of 4 in West Sacramento County is currently $91,320 
• You will need to complete and sign a Hardship Affidavit / 3rd Party Authorization documenting the reason for the hardship
• You must agree to provide all necessary documentation to satisfy program guidelines established by CalHFA MAC.
• And your Mortgage loan is delinquent or at risk of imminent default as substantiated by homeowner’s hardship documentation. Loans in foreclosure are eligible. 

Unfortunately West Sacramento Homeowners in an “active” bankruptcy are ineligible for KYHC program assistance consideration. 

If you are involved in a West Sacramento short sale and you meet these criteria and your lender does not offer relocation assistance, be sure to contact KeepYour Home California for assistance. Your West Sacramento Short Sale Agent should know about the program but in case they don’t it is worth your efforts to follow it up. Currently 26 lenders are participating in this program. To find out if your lender is participating in the program and to see if you qualify, call for a free confidential consultation. As Certified Default Advocates it is important to us that you understand all your options. 

To get a better idea of when your West Sacramentohomewill be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation. Call me today and sleep better tonight; you’ll be glad you did