NEW WEBSITE OFFERS 12 QUESTIONS THAT HELP HOMEOWNERS TO DETERMINE IF THEY MIGHT QUALIFY FOR AS MUCH AS $100,000 IN MORTGAGE ASSISTANCE

Have you heard about Keep Your Home California‘s new tool on their website?  Answer 12 questions to determine your eligibility for one of the four programs.

Spanish version: Conserva Tu Casa

Other Keep Your Home California Resources that may be helpful:

Keep Your Home California

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Asking for financial help is never easy, regardless of how much you need it. So, Keep Your Home California wanted to create a much easier-to-use website that asks a dozen questions and serves as the first step in applying for the mortgage assistance program.

It’s a big step forward for the federally funded, state-run program with almost $2 billion available for hard-hit homeowners in California. Program officials hope it makes the program more accessible for homeowners and eliminates those fears about seeking help, especially when it comes to finances.

With the new website (www.KeepYourHomeCalifornia.org), homeowners can learn in just a few clicks – and a few minutes (it could possibly take you seconds) – if they might qualify for the program and, if so, which programs will likely meet their needs. If homeowners make it through the 12 questions and are considered “pre-eligible,” then we encourage them to pick up…

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California Homeowners have Received $16.8 Billion in Relief from National Attorney General Settlement

$16.8 Billion Provided to California Homeowners Under AG Settlement

By Sean Coffey, Program Manager of ForeclosureHelp

Joseph Smith, the Monitor for the national Attorney General settlement, released a report (Ongoing Implementation: February 21, 2013) today about the amount of relief the five banks (Chase, Wells Fargo, Bank of America, Citi, and Ally) have granted to homeowners as part of the AG settlement.

According to the report, from March 1, 2012, through December 31, 2012, $45.8 billion in relief has been provided to homeowners.  This includes: (national figures)

  • $6 billion in first lien modification forgiveness
  • $1.3 billion in relief for pre 3/1/2012 forbearance
  • $2.2 billion in “estimated consumer relief of refinances”
  • $3.4 billion in active trials in process
  • $11.5 billion in second lien modifications and extinguishments
  • $19 billion in short sales completed/deficiencies forgiven,
  • $1.6 billion in “other programs”

154,243 borrowers in California have been assisted, with an average amount of $109,527 of relief/benefit to the borrower.  The amount of relief offered to homeowners, varies widely by bank especially as measured by the category “Completed 1st lien modification forgiveness” (defined as “finalized first lien principal reduction permanent modifications [including trial modification).

  • Ally Bank: 231 borrower assisted, average amount: $152,904
  • Bank of America: 7,509 borrowers assisted, average amount: $214,748
  • Citi: 408 borrowers assisted, average amount: $122,833
  • Chase: 3,375 borrowers assisted, average amount: $167,828
  • Wells Fargo: 4,383 borrowers assisted, average amount: $114,006

To see the detailed analysis of relief offered to California homeowners, click here: Appendix IV State Consumer Relief Information California, Program to Date

Are you a homeowner here in San Jose or Sunnyvale, California, and are you struggling to pay your mortgage, or worried about foreclosure?   Has somebody contacted you about doing a short-sale and you want to make sure you are examining all of your possible options?  If so, give us a call and we can set up an appointment with a certified foreclosure prevention counselor from a HUD-approved agency.   We have an office in downtown San Jose (across the street from St. Joseph’s Cathedral) and we also offer Saturday hours at our satellite office, located across the street from Most Holy Trinity Catholic Church.   Pick up the phone and give us a call: 408-293-6000, or send us an email: help@foreclosurehelpscc.org.

If you are struggling with foreclosure in San Jose or Sunnyvale, please give us a call. The sooner you pick up the phone, the sooner we can help, and the earlier you start in the process, the more options you will have to create a plan forward.

If you are a homeowner living in San Jose or Sunnyvale and are struggling with your mortgage, please contact ForeclosureHelpSCC, a program funded by the City of San Jose and the City of Sunnyvale at (408)-293-6000 or visit us: www.foreclosurehelpscc.org.

Our HUD-approved counselors can help you evaluate your options, learn more about federal and state programs that may help you with your mortgage issues, and will help you create a plan forward.

Please note: All content included in the ForeclosureHelpSCC blog is provided for information only and should NOT be considered legal or tax advice. If you have any questions, please feel free to contact us on our hotline: (408)-293-6000, or visit our website: www.foreclosurehelpscc.org or send us an email: help@foreclosurehelpscc.org.

Si usted es dueño de una casa en San José o en Sunnyvale y están luchando con su hipoteca, por favor póngase en contacto con ForeclosureHelpSCC, un programa financiado por la ciudad de San José y la ciudad de Sunnyvale, al (408) -293- 6000, o visite nuestro sitio: www.foreclosurehelpscc.org.

Nuestros consejeros aprobados por HUD puede ayudarle a evaluar sus opciones, aprender más acerca de los programas federales y estatales que pueden ayudarle con sus problemas de hipoteca, y le ayudará a crear un plan para seguir.

Por favor, tenga en cuenta: Todos los contenidos incluidos en el blog ForeclosureHelpSCC se proporciona únicamente a título informativo y no debe ser considerada como consejo legal o fiscal. Si usted tiene alguna pregunta, por favor no dude en contactarnos a nuestra línea directa: (408) -293-6000, o visite nuestro sitio:www.foreclosurehelpscc.org o envíenos un correo electrónico: help@foreclosurehelpscc.org.

Nếu bạn là một sinh hoạt chủ sở hữu nhà ở San Jose hoặc Sunnyvale và đang đấu tranh với nợ nhà, xin vui lòng liên ForeclosureHelpSCC, một chương trình được tài trợ bởi thành phố San Jose và thành phố của Sunnyvale ở (408) -293-6000 hoặc truy cập trang web của chúng tôi: www.foreclosurehelpscc.org.

Nhân viên tư vấn của chúng tôi đã được HUD chấp thuận có thể giúp bạn đánh giá các lựa chọn của bạn, tìm hiểu thêm về các chương trình của liên bang và tiểu bang có thể giúp bạn với các vấn đề thế chấp của bạn, và sẽ giúp bạn tạo ra một kế hoạch phía trước.

Xin lưu ý: Tất cả các nội dung trên Blog ForeclosureHelpSCC được cung cấp thông tin duy nhất và không nên coi là hợp pháp hoặc tư vấn thuế. Nếu bạn có bất cứ câu hỏi , xin vui lòng liên hệ với chúng tôi qua đường dây nóng: (408) -293-6000, hoặc truy cập vào trang của chúng tôi: http://www.foreclosurehelpscc.org hoặc gửi email cho chúng tôi:help@foreclosurehelpscc.org.

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