Under the expansion of California’s mortgage relief program being unveiled today at a Sacramento nonprofit:
- Eligible homeowners who have already used the program and are in need of additional assistance can reapply, for as much as $80,000 in total grants.
- Homeowners can use the program to pay off second home loans, or loan deferrals, that they negotiated in the midst of the pandemic.
- The program will also be available to homeowners who have properties of up to four units, as long as those small landlords live on those properties.
- While the program was previously only available for people who had missed at least two mortgage payments and at least one property tax payment before last summer, it will now be available to those homeowners until March 1.
- Read More: https://smdp.com/2023/02/08/mortgage/