Federal Assistance With “Keep Your Home California”

by on March 26, 2012 · 8 comments

in California, Civil Rights, Economy

Homeowner Prevention: Federal assistance and “Keep Your Home California”

A new federally funded program is in place, under the banner of “Keep Your Home”. This is a foreclosure prevention program intended to help qualified homeowners who 1) own and occupy their home, 2) collect unemployment benefits from Employment Development Department (EDD), and 3)have a current loan balance under $729,750.00.

Up to $3,000 in monthly mortgage assistance is available to qualified unemployed homeowners for up to 9 months.

Funded by the U.S. Treasury’s Hardest Hit Fund®, eligibility is further based upon household income, and you loan must be serviced by one of the cooperating mortgage services. Participating Servicers include approximately 60 service providers, including Point Loma Credit Union, Wells Fargo, CitiMortgage and others.

If you do not qualify, other options may be available at HUD approved agencies, and The Hope Hotline or 888.995.4673

Also, since relief efforts are evolving, re-check with your mortgage provider.

To apply for “Keep Your Home California”, call 888 982 5337.

{ 8 comments… read them below or add one }

avatar Bearded OBcean March 27, 2012 at 1:22 pm

There’s a pilot program, I think it’s in NY, wherein BofA will lease a home to underwater homeowners at market rent for up to 3 years instead of foreclosing on the property. While it was attempted by Fannie Mae several years ago to mixed results, it’s an interesting program and could serve a very beneficial role.


avatar john April 10, 2012 at 8:33 am

The is not right. There are three requirements. One of them is that you must be collecting unemployment benefits to qualify. I am a small business owner who has trouble paying my mortgage. I employ 5 individuals all of which who can afford their rent or mortgage. I on the other hand, can’t. The practice is worth less than what I owe the bank and just like my small condo, I do not qualify for a refinance. I do not qualify for any rate reduction because I am self employed. When are we going to stop punishing those who employ the American people? No wonder jobs leave this country.


avatar Christopher Dotson April 10, 2012 at 11:19 am

Correct. As we describe, you must be collecting unemployment. What other examples of jobs are leaving? I see tech., factory, food, etc. – but mostly for businesses with 50, 250 workers and up. Small biz feeds Americans, too. Many see the assistance described above as part of grass roots effort to raise key issues. Where do you see raising awareness and garning support for small biz, specifically?


avatar bunnie April 11, 2012 at 4:40 pm

i feel your pain, wish there was a program in place to help you. our home is getting sold on tuesday (april 17) and we are stunned. we had 2 weeks notice of the sale, however, we were going thru the HAMP process and still submitting over and over the requested docs. we were nothing but a small mouse being batted around by a big cat. we do qualify for HAMP, but there is no motivation for the lender to help us. they only recieve $1000.00 from feds with HAMP but, when we sell at auction, the feds give them back up to 92% of the amount owed on the loan. we are upside down – appraisal vs loan amount is minus $158,000. why take a thousand bucks from the feds when they can get over $140,000 or more from the feds. honestly, the so called programs only work for a token few lucky people, but not for the majority who truly qualify. my point being…even if there was a program for you—–would it really work or just be another scam from those who are leading our country???


avatar Christopher Dotson April 11, 2012 at 5:07 pm

So sorry to hear that for you and your dear family. How do we gain sane and expanded coverage beyond the few able to benefit? Where do others go to further educate? Is it partly earlier access to HAMP process ? Or more how to motivate lenders. . . ? More like, How to reverse  the fed “policy” destroying famlies? After all, when sold at auction, the feds give them back up to 92% of the amount owed on the loan.
Again, we hope your family and all of U.S. can see this thru, together. You’re correct! It is all upside down, and has the stench of a WA and Goldman scams, etc.


avatar Karen Hill July 25, 2012 at 8:21 am

This whole program is so typical of government programs. It’s very limiting as to who can qualify. My husband worked for SOLYNDRA. When this employer closed their doors, the employees didn’t get an severance or notice or anything, the door was simply locked in the morning when they showed up for work. he’s still out of work 10 months later. I’ve lost my job of 14 years and am now a contractor for a tech firm. My contract ends in December 2012. KYHCA’s criteria for who and who does not get assistance is flawed. They consider your Gross Income and they do not consider your other bills. I was told that they didn’t care about my “luxuries”. I pay over $800 per month for medical coverage, my taxes, what about the high cost of PG&E, gasoline (I drive an hour each way to work) I wish I felt like these were luxuries. I pay my taxes and abide by the laws, h ave never asked for assistance before so I am now asking and after messing with us for six months have denied our request. They knew straight away what our income was and yet they strung us along. I am angry,


avatar fear of retaliation October 30, 2013 at 2:05 pm

I almost lost the home I built. Being a carpenter, my income was devastated. I was self employed (lic. contractor) solely because I could no longer be employed due to an intestinal disease that kept my sick in bed 4 months out of the year. In 2010, and 11, I applied for “keepyourhomecalifornia.” My hardship, not only the housing crises which is obvious, but was the removal of 50″ of my large intestine. All the while, we applied to Chase Mortgage, simultaneously, with the kyhc program. I figured with Chase, it was futile, and because we were within the income limits for kyhc, and had a hardship, “Homeowner has adequate income to sustain modified mortgage
payments per CalHFA MAC approved investor guidelines.”

Everything looked good, but we were disqualified, based upon their right, they claim, to “case by case” discriminate against applicants, see “On a case-by-case basis, CalHFA MAC reserves the right to review and approve investor program guidelines
that utilize affordable mortgage definitions greater than 38%.” Yet we were still within the 38%.

A recent court case, Norse v. Santa Cruz County California 9th 2011, and appellate court decision ruled that case-by case discrimination is “arbitrary” abuse of power. They said, “ad hoc” decisions that deny one applicant rights “similarly situated individuals receive” is unconstitutional.

The only problem is that to sue arbitrary government agencies shouldn’t be the process. Officials who violate constitutional rights, violate 18 USC 241, 242 “abuse of power under the color of law” of the State, should be imprisoned. But then enforcing that law subjects officials who abuse to prison, so nobody in public employment, especially law enforcement view human and civil right violations criminal, contrary to reality. Also people who are reading this and learn their rights, don’t bother to unite and create meaningful outcry for enforcement.

I’ve been a victim of private crime many times, and insurance or restitution has always redressed the grievance. However, when public officials ignore abuse of power laws, its a crime, and there never is a redress of grievance.

Its amazing and sad that a State Program can discriminate against citizens without a rational basis. See Engquist v. Oregan 2008 U.S., “what seems to have been significant in Olech and the cited cases was the existence of a clear standard against which departures, even for a single plaintiff, could be readily assessed. This differential treatment raised a concern of arbitrary classification, and therefore required that the State provide a rational basis for it.”

I am one person on he planet, and I have needed assistance very few times dealing with bureaucrats. I wen to college and got educated and learned things. Sometimes the bureaucrat follows “custom and practice” instead of the law. I have discovered this numerously. I’ve pointed this out to a few rational bureaucrats, and they were surprised to know that they were in error, but thanked me and honored my research.

On the other hand, I’ve come across some real hateful sociopaths who may harbor some preconceived animus hatred toward those who object to negligence or ignorance. They escalate this by retaliation by deny “equal protection” of services, a violation of the 14th amendment. They have power and it went to their head. Unfortunately, supervisors fearing liability for employing these lower level minion tyrants, cover for these aggressive power monger employees. So the cycle continues in a predictable pattern.

How is having your guts removed not a hardship!!! lol

anyway, are there any other story’s where the guidelines were met, but perhaps your exercise of Cal. Constitution 3(a), “instructing” public officials policy they may not know, caused retaliation and denial of a mortgage reduction? Perhaps we can get a class action to address this through an injunction if enough victims will protest and petition for redress of grievances, our right!


avatar Tommy Topper December 12, 2015 at 12:37 pm

Timely ideas . I am thankful for the information , Does someone know where my company can get a blank CA DWC Form 10232.2 form to fill in ?


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