Homeowners who qualify for the PRP
could be eligible for up to $50,000 in assistance from Keep Your
Home California. The PRP requires a dollar-for-dollar match from the
participating servicer, so the total amount of reduced principal could be up to
$100,000.
West Sacramento Homeowners 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 will need adequate income to
sustain modified mortgage payments per CalHFA MAC approved investor guidelines.
- 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.
Currently there are 12 lenders nationwide
who are participating in the Principle Reduction Program through Keep Your
Home California
To find out if your lender is participating
in the program and to see if you qualify, call me today. As Certified Default
Advocates it is important to us that you understand all your options. To get a
better idea of when your West Sacramento homewill 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
No comments:
Post a Comment