Here is some information we recently found on “Keep Your Home California” Transition Assistance Program (TAP).
Keep Your Home California is a free service for homeowners who have suffered a financial hardship, to help them stay in their homes, maintain an affordable mortgage payment and avoid foreclosure. The funds come from the Transition Assistance Program (TAP), part of the Keep Your Home California Program.
There are a variety of programs available through the program, including:
Unemployment Mortgage Assistance
Mortgage Reinstatement Assistance Program
Principal Reduction Program
Transition Assistance Program
For qualified homeowners, these state funds may be used in addition to any other transition assistance that the homeowner may receive by participating in the Federal Home Affordable Foreclosure Alternatives (HAFA) program or in any other pre-offer short sale program.
To learn more about the Transition Assistance Program’s guidelines, and who can qualify, please visit the program’s website at Keep Your Home California.