APRIL 2017
KeepYour HomeCalifornia | Newsletter

The Success Story Edition

Sharing these stories serves an important purpose for us because it gives prospective applicants an idea of how Keep Your Home California may be able to help them with their mortgage troubles, based on real-world examples.

We know there are many homeowners across the state who are facing financial hardships, and as a result are struggling with their mortgage payments. There are over 940,000 people unemployed in the state, according to the March labor data from the California Employment Development Department. The latest data (Q4 2016) from Zillow shows over 350,000 homes in California have negative equity and nearly 49,000 homeowners are 90 days or more past due on their mortgages.

These circumstances are not always easy for people to talk about, but hopefully the success stories demonstrate that if you find yourself in a similar situation, you are not alone - and there is help available.

For this month's newsletter, we wanted to focus on the Success Stories and have included multiple examples below. You can find all of the Keep Your Home California Success Stories and Video Testimonials at the following link: http://keepyourhomecalifornia.org/testimonials/
Success Story: Jessica L.
'We felt we were stranded at sea, and Keep Your Home California was our lifeguard that rescued us'

Jessica L. and her family seemingly had everything going their way. Four healthy children, two steady jobs, three dogs, and their dream home in the place they grew up.

But it all changed in an instant.

Jessica had been working as a controller for a local hotel when she was laid-off in 2014. With only one income, the couple had to rely on savings to ensure there was enough money to buy clothes for school and put enough food on the table each night.

"We had to go on a strict financial diet," she says. "We even sold one of our cars to make ends meet."

Read More
Success Story: Linda S.
Keep Your Home California is a '10 out of 10'

Sometimes good things come from tough situations.

"I was referred by a high school friend at a funeral," homeowner Linda S. says of Keep Your Home California. "I asked my friend a lot of questions."

Then, Linda and her husband applied for Keep Your Home California.

"It's pretty straightforward," says Linda, who was impressed with the application process. "Everyone took responsibility and ownership. They were all very helpful, thorough and responsive ... a 10 out of 10."

Read More
Success Story: Emjudy D.
'When you fight so hard to own a home, why give up during tough times?  Get out there and find the help that you need.'

Some things are more important than a mortgage payment. Just ask homeowner Emjudy D.

"When you have a child who is dying, the last thing you worry about is your mortgage, your house," says the mother whose 20-year-old son was diagnosed with a rare form of cancer.

Supplemental disability insurance AFLAC allowed Emjudy to focus her attention on taking her son to medical appointments and getting several opinions from several hospitals and physicians between 2013 and 2014. Chemotherapy was effective only at extending his life, but at the cost of his quality of life.

"I spent the last few months with him before he died," says Emjudy, who has endless faith, much strength and a never-ending positive outlook.

Read More
Success Story: Stan W.
Longtime homeowner referred to Keep Your Home California is 'overjoyed' with results

When Stan W.'s mortgage servicer referred him to Keep Your Home California, he was a bit skeptical.

"I was kind of leery," he says. "I had no idea it even existed ... or how it worked."

But each month, the out-of-work professional was digging deeper into his savings to cover his living expenses, including his mortgage payment.

"I was cutting back on everything, scrimping and saving," says Stan, who has lived in his Los Angeles-area home for the past 30 years.

Read More
(as of Apr. 20, 2017)

Homeowners Assisted
Total Amount Distributed
Unemployment Mortgage Assistance
Principal Reduction Program
Mortgage Reinstatement Assistance Program
Reverse Mortgage Assistance Pilot Program
Transition Assistance Program
Total Program
Funds Allocated
Recent Blog Post:

Financial literacy, planning key to your financial future
April is National Financial Literacy Month, and it's the perfect time to plant the seeds for long-term financial success.

Spring is about April showers that bring May flowers, preparing flowerbeds and gardens for new growth, and tossing out those never-used things as part of spring cleaning. Spring brings new hope - and new life.

Another reason why April is an excellent time to button down and get serious on establishing a financial plan? Chances are you recently filed your tax return. Whether you cheered a refund or jeered owing taxes, an effective financial plan can make dealing with Uncle Sam a bit easier - and possibly more rewarding.

As is the annual tradition, Governor Jerry Brown designated the month of April as California Financial Literacy Month and The California Department of Business Oversight has once again put together a tremendous webpage to highlight the multitude of financial resources available to Californians.

Financial Literacy Month encourages consumers to learn more about financial tools and establish a financial plan. We want consumers to learn about important financial matters such as creating and managing a budget, paying down debt while saving for emergencies, and establishing achievable financial goals, from building a college fund for your children to a retirement plan for you. Of course, if you're already making use of these financial tools, you are steps ahead of most people.

Read More    
Monthly Question & Answer

Q: If I am found eligible to receive assistance from the Principal Reduction Program, how will these monies be applied to my loan?
A: Keep Your Home California guidelines support application of Principal Reduction Program benefits to reduce the principal balance of a first mortgage loan and may also be used to reduce or eliminate an existing non-interest bearing forbearance. Homeowners should understand that servicer and/or investor restrictions may apply. In all cases, the entire amount of the assistance must be applied to the first mortgage.
Water Saving Tips

Wash cars/boats with a bucket, sponge, and hose with self-closing nozzle.
Save: 8-18 gallons/minute.

For more tips on what you can do to save water, please visit the Save Our Water website.
To see all Servicer Scorecards, please visit the Participating Servicers webpage.
Upcoming Events 
April 22, 2017
10:00am - 12:00pm
Assemblymember Rodriguez Community Housing Event
Montclair, CA
April 22, 2017
9:00am - 2:00pm
2017 Successful Aging
Studio City, CA
April 24, 2017
10:00am - 2:00pm
Financial Literacy Resource Fair
Los Angeles, CA
April 27, 2017
9:00am - 2:00pm
Educational Seminar for Families with Reverse Mortgage
Compton, CA
April 27, 2017
11:00am - 3:00pm
Veterans Job Fair
Anaheim, CA
April 29, 2017
9:00am - 2:00pm
American Dream Homeownership Conference
Fontana, CA
April 29, 2017
11:00am - 4:00pm
Antelope Valley Homeownership Expo
Lancaster, CA
May 4, 2017
11:00am - 3:00pm
Veterans Job Fair
Oakland, CA
May 6, 2017
2:00pm - 5:00pm
Foreclosure Prevention Event
Riverside, CA
May 10, 2017
9:00am - 1:00pm
Employment and Resource Fair
Citrus Heights, CA
May 16, 2017
10:00am - 7:00pm
Home Preservation Workshop
San Jose, CA
May 20, 2017
8:00am - 4:30pm
Homebuyer Education Workshop
Los Angeles, CA
May 20, 2017
8:30am - 5:30pm
Homebuyer Education Workshop
Ventura, CA
May 20, 2017
8:30am - 4:30pm
Homebuyer Education Workshop
Oxnard, CA
May 24, 2017
6:00pm - 7:30pm
Home Retention Clinic
Los Angeles, CA

www.KeepYourHomeCalifornia.org - 888.954.KEEP(5337)