Mortgage aid and foreclosure help is available in all areas of California, including Los Angeles and San Diego. You can also locate other assistance programs that are available in California that can help you with paying other bills. Continue.
Federal government funds are being provided to California as part of the hardest hit fund. There will be four main components of the program. Three of them were created to help keep California homeowners in their homes. The last component of the fund is intended to help homeowners who owe more on their mortgage than their home is worth to transition out of their homes. Read more.
The Housing Education Program, which is division of Consumer Credit Counseling Service of San Francisco, is a HUD approved mortgage and housing counseling agency. Read more on mortgage counselors.
A new statewide program in California was created to help senior citizens deal with foreclosure and predatory lenders. The program was created to save the homes of an increasing number of senior citizens who are faced with losing their homes. Click here to learn more.
California Gov. Arnold Schwarzenegger has signed into law a 90-day moratorium on California home foreclosures. More. While the law was signed in early 2009, the 90 day California foreclosure moratorium rules will start in June 2009.
Several non-profits, HUD agencies, and other organizations in the greater Los Angeles area provide homeowners with free or low cost foreclosure prevention solutions, advice, and assistance. Learn more on the programs available to borrowers.
Numerous organizations throughout San Diego California offer homeowners access to programs and resources that can help them avoid a foreclosure. Click here for more details on ways to avoid a foreclosure in the San Diego region.
San Diego also has national lenders, such as JP Morgan Chase, operating mortgage help centers across the county. These locations will provide struggling homeowners with free foreclosure counseling and access to programs that can help them catch up on or get back on track with their mortgage payments. Find information on San Diego JP Morgan help centers.
Anyone who is behind on their home loan or who has received a foreclosure notice can also attend a free clinic. Every month there are a number of clinics, seminars, and workshops held across San Diego County that are open to anyone who needs advice and support. Most sessions also allow homeowners to meet individually with a housing counselor. The clinics are free to local residents. Read more.
Fannie Mae is opening a mortgage help center in Culver City to serve Los Angeles County homeowners. They are partnering with local non-profits, housing counselors, and other agencies to provide mortgage relief, and solutions to a foreclosure. Read more.
Dozens of non-profit HUD approved counseling agencies provide California homeowners with access to foreclosure counseling, prevention services, and information on mortgage assistance and delinquency programs. Find a listing of California HUD counseling agencies.
A program known as Keep Your Home may be able to help homeowners in California who have lost their job, who have had a reduction in their income or hours at work, or who are facing some type of short term financial crisis and who therefore need help with their mortgage. Learn more on California Keep Your Home.
SB 1137 requires that mortgage lenders need to meet with borrowers prior to filing a notice of default. The lender needs to go over all the options that are available to avoid foreclosure. This bill requires that borrowers be giving at least 30 days after the meeting to take steps to keep their home. Lenders who for some reason are not able to set up a meeting with the borrower can start the foreclosure process 30 days after they have demonstrated a good faith effort to meet with and work with the homeowner.
Law SB 1137 also aims to help those communities that were hard hit by the recent wave of foreclosures. The bill requires lenders to maintain all foreclosed properties. This will help prevent nuisance and blight. Lenders who fail to do this will be fined. Also, the law helps tenants. Tenants have been increasingly hurt by this mortgage foreclosure crisis are protected. Under this bill, lenders must notify a resident of a property facing foreclosure about the property’s status. All tenants who reside in the properties must be given at least 60 days to vacate the property in the event of a foreclosure on the property.
Residents across California have access to free foreclosure prevention clinics and workshops. Homeowners will be able to meet with lenders, banks, and mortgage servicers. Individuals can also learn about how the foreclosure process works in California, state laws and regulations, and get information on all of the private and government mortgage assistance programs. We have details on some of the organizations that have held clinics in the past and their locations. More.
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