‘If there is a program that can help, you should try it’
A friend-of-a-friend helped Myra C. save her home – simply by sharing information about Keep Your Home California.
“I didn’t believe it at first, I thought there was some kind of catch,” Myra says of the free mortgage-assistance program. “I was skeptical.”
Despite her reservations, Myra met face-to-face with a housing counselor with the Ventura County Community Development Corporation and applied for Keep Your Home California. In addition to calling the Keep Your Home California counseling center at 888-954-KEEP, homeowners can apply at dozens of housing counseling agencies across the state.
The application process was “super easy,” Myra says of Keep Your Home California. “Everything they ask is information you should have.”
She applied in March, a month after she was laid-off when her former employer was purchased.
“I brought in all of the paperwork,” says Myra, who lives in Southern California. “I wanted to make sure that they could help.”
Ventura County Community Development Corporation helped Myra with her application process, just like the 15 to 20 other homeowners the nonprofit agency assists every month to apply for Keep Your Home California.
“Our counselors are dedicated in helping families with one-on-one counseling that provides homeowners with a specific, actionable plan that can help them avoid foreclosure, or explore alternatives to foreclosure if homeownership cannot be maintained,” says Laura Cabrera, Director of Program Development and Administration for the Ventura County Community Development Corporation in Oxnard. “Our counselors strive to encourage their clients to achieve their short- and long-term financial goals and never allow one door to close without another opening, and Keep Your Home California does just that.”
Myra was approved several weeks later for Keep Your Home California’s Unemployment Mortgage Assistance Program, which provides as much as $3,000 per month for up to 18 months – or a total of $54,000.
“That’s our primary program with Keep Your Home California,” says Cabrera, who adds that despite a better economy, many employers have been downsizing or issuing layoff notices. “We keep busy because of our relationships and partnerships within the community.”
And relationships are what helped Myra learn about Keep Your Home California. Sometimes, bad things happen for a reason – and sometimes even at a good time.
“I was already seven months pregnant,” Myra says of when she was laid-off. “No one was going to hire me at seven months. Now, I’m able to spend time with the baby.”
In between all of the demands of her infant son – the feedings, changings and baths – and a 3-year-old son, Myra is looking for a good job in the finance industry. She can focus on the job hunt and not her mortgage, thanks to Keep Your Home California.
“This is our first home,” Myra says of her town home. “We looked at a lot of houses. We looked for six months.”
Myra – like many other homeowners – is grateful for the help from Keep Your Home California. She encourages other homeowners to consider the state-managed program.
“Don’t second guess yourself,” she says. “If there is a program that can help, you should try it.”
If you or someone you know has had a financial hardship and needs assistance with their mortgage contact VCCDC today at 805-273-7800!