While many homeowners took action during the pandemic to restructure their mortgages in order to save their homes, they now face large payments at the end of their mortgage.
The California Mortgage Relief Program is offering a maximum of $80,000 per household to help reduce or eliminate partial claims or loan deferrals taken during or after January 2020, which will also increase home equity. There is no fee to apply and the funds do not need to be paid back to this state program.
All homeowners must meet the following eligibility requirements:
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