Homeowners often have to be the “connector” between departments at the bank (who may not be speaking with each other). Michelle kept in contact with the Keep Your Home California team and provided all documents needed for the eligibility review. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. This is from the UMA program description on the Keep Your Home California website. Change ), You are commenting using your Twitter account. Thank you for writing. It was so helpful for us to keep our home. Unemployment Mortgage Assistance Program. I am currently on unemployment, however, that may be running out and we have exhausted all of our savings to keep afloat. A few homeowners I’ve worked with here in the Bay Area are good examples of how Keep Your Home California works. Accessed Nov. 30, 2020. Structure of Assistance: CalHFA MAC will structure the assistance as a non-recourse, non-interest bearing subordinate loan in favor of the Eligible Entity (CalHFA MAC) secured by a junior lien recorded against the property in the amount of the total reduced PITI and any escrowed homeowner’s association dues or assessments, and equal to the total amount of HHF unemployment assistance. The property must be owner occupied and located in the state of California. As you’re probably aware, time is of the essence in applying because you HAVE to be approved for or already receiving unemployment benefits for the Unemployment Program: “With recent estimates that 400,000 Californians could lose their unemployment benefits unless Congress extends them, it is particularly important for homeowners who are unemployed to get their applications in NOW while they are still receiving unemployment. UMA 07/12/2017, at which time any recovered funds will be returned to Treasury. Employment Development Department, State of California. They dont want to work with us, We are just asking for two weeks extension.Fourthly,IN the MIDST OF ALL OF THIS, my mother had diagnosed with breast cancer so as my sister in the same year and a year later my brother in law got diagnosed with bone cance and died last October 2010. Check this list: Servicers Participating in Your Home California. To get help postponing your mortgage payments or restructuring your loan, ... Unemployment assistance from state governments. Over 600 homeowners in Santa Clara County have already benefited from Keep Your Home California. The homeowner(s) cannot be in bankruptcy while applying for Keep Your Home California Program. You can also email us at [email protected] or visit our website: www.foreclosurehelpscc.org. UMA-Unemployment Mortgage Assistance Program: Is designed to assist unemployed homeowners who are receiving EDD benefits. She applied for Keep Your Home California in February and was approved a month later for the Unemployment Mortgage Assistance Program. I’m pasting in information from two postings from our HUD-approved counselors from earlier this year: The Keep Your Home California program applies to primary mortgages in first position only. How and when is the difference of the mortgage payment repaid? Details on this will be covered during your initial telephone counseling session with the Keep Your Home California staff. Have you heard of the Keep Your Home California program? If you are an Oregon homeowner who is unemployed, the Mortgage Payment Assistance Unemployment Program (MPAU) can help!. California, unlike 35 other states, did not accept federal aid that would have helped the state update technology to cross-examine unemployment claims with prison populations. If you are a homeowner who already has an active application in progress, and have questions, please call (888) 320-6526 between 10 AM and 2 PM Monday through Friday, except holidays, and leave a message with your name, phone number, and homeowner ID. The program offers out-of-work homeowners eligible for state jobless benefits up to $54,000 in assistance to cover monthly mortgage … The assistance comes as more than 1 million Californians have applied for unemployment benefits this month due to layoffs or reduced hours amid the pandemic, Newsom said. Is it true that homewoners do not have power or not qualified for the said program, if investors are not participating in principal reduction even we cannot afford and aside from the value of the property is upside down? http://keepyourhomecalifornia.org/faqs.htm#Q1098-1, Helpful Resources if You’re Facing Foreclosure By Foreclosure Help SCC | ForeclosureHelpSCC, http://keepyourhomecalifornia.org/counseling.htm#Southern, http://keepyourhomecalifornia.org/counseling.htm#Entire, https://foreclosurehelpscc.wordpress.com/2012/12/21/helpful-resources-if-youre-facing-foreclosure-by-foreclosure-help-scc/, Five Important Policy Updates For California Homeowners and Tenants in 2013 Related to Foreclosures, Short Sales, and the Homeowner’s Bill of Rights | ForeclosureHelpSCC, http://www.consumerfinance.gov/blog/new-rules-fewer-runarounds-for-mortgage-borrowers/, http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=CA, Maggie’s Five Rules for Working with Your Bank or Servicer, http://keepyourhomecalifornia.org/programs/uma.pdf, NEW WEBSITE OFFERS 12 QUESTIONS THAT HELP HOMEOWNERS TO DETERMINE IF THEY MIGHT QUALIFY FOR AS MUCH AS $100,000 IN MORTGAGE ASSISTANCE | ForeclosureHelpSCC, Check the Facts, Figures and How Keep Your Home California is Helping Homeowners | ForeclosureHelpSCC, HOMEOWNERS SHARE THEIR MORTGAGE SITUATIONS AND HOW KEEP YOUR HOME CALIFORNIA HELPED | ForeclosureHelpSCC, HAMP Program Is Extended Until 2015: What does this mean for homeowners in San Jose and Sunnyvale California? Low-Cost Phone Service: Reduced-cost phone service is available to eligible low-income families through the Lifeline … Here are some quick facts about the Keep Your Home California program: Your lender/servicer must participate in the program in order to qualify for the Keep Your Home California funds. If you want to give us a call, we can direct you to some local resources. "Temporary Halt in Residential Evictions To Prevent the Further Spread of COVID-19." I would contact Keep Your Home California directly to ask them: 888-954-KEEP(5337). Through a program by the Oregon Homeownership Stabilizaton Initiative, Oregon Homeowners who are receiving unemployment benefits might be eligible to have temporary assistance to pay your mortgage. Should I report that fund I received from KYHC as income when Tax return? The loan balance on the first mortgage is below $729,750. To find out more about these four programs, or to set up an appointment with a housing counselor who can discuss these programs with you, contact ForeclosureHelpSCC by calling us at (408) 293-6000. (KYHC) Are you unsure how the program works to help struggling homeowners avoid preventable foreclosures? The Unemployment Mortgage Assistance Program (“UMA”) is one of CalHFA MAC’s federally-funded programs developed to provide temporary financial assistance to eligible California homeowners who wish to remain in their homes, but have suffered a loss of income due to unemployment Call us at (888) 320-6526. Unemployment Mortgage Assistance Program Provides temporary assistance to Find financial help if you are affected by coronavirus / COVID-19 in California. If you’ve helped a homeowner with KYH funds 9 months ago, can he receive forgiveness of the KYH loan since he is insolvent and needs to sale the property? Good morning Laurie, The program helps homeowners who have lost their job through no fault of their own, specifically due to the coronavirus COVID-19 outbreak, and are receiving Nevada State Unemployment Insurance Benefits (UIB). Change ), You are commenting using your Facebook account. California; ... which means that people who can’t save up a substantial amount of cash won’t be able to get a mortgage. We were able to get our mortgage loan modified over a year ago but when my job was eliminated it is looking really bleak! Are you located in San Jose, CA? Homeowners should also contact their servicer to learn more about other foreclosure prevention options such as the Making Home Affordable Unemployment Program which can provide temporary relief from mortgage payments for up to 12 months. We don’t know how to say our thanks for that. Unemployment Mortgage Assistance (UMA) is monthly mortgage assistance for unemployed homeowners collecting unemployment benefits (EDD) from the State of California. Just reaching and searching for help, One of California struggling HOMEOWNERS! Unemployment Assistance The California Employment Development Department ... Get Financial Help - Details on how to apply for mortgage assistance relief. By Aurora Olivares, Housing Counselor at Project Sentinel, one of the members of ForeclosureHelpSCC. The direct number for Keep Your Home California is: 888-954-KEEP(5337) Thank you. Are you here in San Jose? You can read the full description here: http://keepyourhomecalifornia.org/programs/uma.pdf Does Keep Your Home California still pay mortgage even when unemployment runs out? Is my bank or servicer participating in Keep Your Home California? The Home Affordable Unemployment Program will be able to help thousands of homeowners across the country with making their monthly mortgage payments. I’m currently on unemployment, home loan is current. Homeowners are encouraged to explore free HUD foreclosure prevention counseling, which could help you qualify for other programs. Program Manager, Foreclosure Help. Thank you, Pingback: Five Important Policy Updates For California Homeowners and Tenants in 2013 Related to Foreclosures, Short Sales, and the Homeowner’s Bill of Rights | ForeclosureHelpSCC. | ForeclosureHelpSCC. Through the Unemployment Mortgage Assistance Program, the California Housing Finance Agency will provide temporary cash grants and other forms of financial assistance in the form of a mortgage … 2-1-1 Call Center:Call to find local assistance with training, employment, food pantries, affordable housing, and support groups. Thank you for writing- Sean Coffey Loan funds will only be repaid to Eligible Entity (CalHFA MAC) in the event of a sale or a refinance that includes cash out with sufficient net equity proceeds prior to forgiveness. http://www.hifinfo.org/need-help/ Change ), You are commenting using your Google account. If you have any questions, please feel free to contact us on our hotline: (408)-293-6000, or visit our website: www.foreclosurehelpscc.org. Second, BOA made at least 4 mistakes in our property/files and the latest one is, they approved us on October 19 2012 and last November 2012 is our first PAYMENT under trial payment period, however within 24 hours period we received two principal balances that leads two different mortgages amount, which the second one is unaffordable for us to pay and forced us to pay it.BOA do not admit the mistake and does not want to take responsibility to correct it either, their comment is, ‘WE ARE HUMAN, WE MAKE MISTAKES AND nothinng GOING TO CHANGE.” Third, my husband is a truck driver and on the second month of our trial period which December 2012, my husband truck went under repair due to gas leak and had to come back to terminal for repair after driving a day or two, so our pay check got affected since he gets paid by mileage and we informed the bank of our situation and they response is negative. ( Log Out /  Program Overview 2. The coronavirus pandemic has caused vast economic disruptions. Up to $3,000 in monthly assistance for homeowners that are currently receiving or are approved to receive unemployment pay from California’s Employment Development Department (EDD). We already received your help. Recovered funds will be recycled in order to provide additional program assistance until December 31, The Unemployment Mortgage Assistance Program (UMAP) is a federally funded program developed to provide temporary relief to homeowners who have experienced a loss of income due to unemployment or underemployment. Background. Will you be the next success story? Change ). Our stress is so high for the past 3 years and we still hanging on because this is OUR RETIREMENT HOME! 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