How to KEEP YOUR HOME in California . 4 CalHFA Programs to Help Struggling Homeowners.
Many Californians who are struggling with their mortgage payments and do not want to default or end up in foreclosure , should take a serious look at these 4 Keep Your Home programs. The, California Housing Finance Agency CalHFA , got approval for $700 Million in Federal Funding from the US Treasury Department to help California struggling homeowners keep their homes. There are 4 different Programs intended to help struggling, financially distressed homeowners to avoid defaulting and foreclosures. All programs start November 1, 2010 and it is time that homeowners start familiarizing themselves with these programs . The 4 programs are summarized here, and linked to the programs : Program 1- Unemployment Mortgage Assistance (UMA) . This program provides a mortgage payment subsidy equal to the lesser of $1,500 per month or 50% of the PITIA (principal, interest, tax, insurance and homeowner’s association dues) net ...