Distressed Homeowners
Take a quick look at all of the MHA ® programs
to see which one might be right for you by
clicking here.
California has developed four unique foreclosure prevention programs with the $2 billion in "Hardest Hit" funding provided by the federal government to help eligible California homeowners avoid preventable foreclosures.
California's programs, which are called Keep Your Home California, can be found by clicking on this link.
In cases where you don't qualify for these specific programs, your lender(s) may still be willing to consider a "Short-Sale". Call us at (805) 384-0124 or email us to discuss this option.
There may be tax implications to all of this. Check out the IRS Q & A regarding the Mortgage Forgiveness Debt Relief Act.
IRS Publication 4681 Cancelled Debts, Foreclosures, Repossessions and Abandonments
California has developed four unique foreclosure prevention programs with the $2 billion in "Hardest Hit" funding provided by the federal government to help eligible California homeowners avoid preventable foreclosures.
California's programs, which are called Keep Your Home California, can be found by clicking on this link.
In cases where you don't qualify for these specific programs, your lender(s) may still be willing to consider a "Short-Sale". Call us at (805) 384-0124 or email us to discuss this option.
There may be tax implications to all of this. Check out the IRS Q & A regarding the Mortgage Forgiveness Debt Relief Act.
IRS Publication 4681 Cancelled Debts, Foreclosures, Repossessions and Abandonments
Ventura County Real Estate
(805) 384-0124
Their are many government sponsored programs that were designed to help you keep your home.
The Making Home Affordable Program (MHA) is the most well known and provides opportunities for
homeowners to modify or refinance their mortgage to make their monthly payments more
affordable. There are also benefits for those who are temporarily unemployed to suspend mortgage
payments for up to 12 months. MHA also provides foreclosure alternatives for homeowners who are
interested in a short sale or deed-in-lieu of foreclosure. Click on any of the links below to find out
more about these programs.
Beware of Foreclosure Rescue Scams
• There is no charge to apply for the Obama Administration’s Making Home Affordable Program.
• Assistance from a HUD-approved housing counselor is FREE.
• Beware of anyone who asks you to pay a fee in exchange for counseling or a loan modification.
• Beware of anyone who pressures you to sign papers immediately.
• Do not sign your deed over to anyone or make a mortgage payment to anyone other than your mortgage servicer without seeking your servicer’s approval directly.
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