California Issues Financial Assistance for Distressed Homeowners
Distressed California Homeowners May Qualify for California’s Keep you Home California Transition Assistance Program (TAP)
If you are a homeowner in financial distress and your home is in the state of California there might be state relocation funds available to you. Homeowners currently foreclosure, behind on mortgage payments or those considering thinking about doing a short sale may qualify for this program.
The funds come from the Transition Assistance Program (TAP), part of the Keep Your Home California Program.
That state of California is providing up to $5,000 in relocation assistance to qualified homeowners who can no longer afford to stay in their homes. Per Vianey Ojeda of The Hanover Group Keller Williams Realty in Rancho Cucamonga, CA , “Our housing market has definitely been hard in recent years and many families have been displaced due to financial hardship. It is great to see the state of California offering assistance to qualified homeowners who are in distress and in need of assistance. Fortunately we are well trained and equipped to help these homeowners get through this process as painlessly as possible.”
Per the rules of the program the homeowner must submit an application and they can use the assistance of a real estate professional, and the homeowner must maintain their property until their house is sold or returned to the lender via a negotiated deed in lieu of foreclosure.
In addition, for qualified homeowners, these state funds may be used in addition to any other relocation assistance that a 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 program you can call The Hanover Group at Keller Williams Realty by calling 909.945.0641 or email firstname.lastname@example.org.
Contact Vianey Ojeda to find out more:
(909) 294-7265 | email@example.com | www.testsellyourhome.com