The California Mortgage Relief Program is a government-run program that provides financial assistance to California homeowners who are facing difficulties paying their mortgages due to financial hardships. This program is completely free, and homeowners are not required to repay the assistance they receive. The program is designed to help those who have struggled with missed mortgage payments, late property taxes, loan deferrals, partial claim second mortgages, or other financial difficulties related to home ownership.
Financial Assistance for Struggling California Homeowners: The California Mortgage Relief Program
The Federal Trade Commission (FTC) was the primary agency responsible for regulating loan modification services until it handed over its enforcement responsibilities to the Consumer Financial Protection Bureau (CFPB). On December 1, 2010, the FTC published the Mortgage Assistance Relief Services (MARS) final rule aimed at companies that offer loan modification services for a fee. However, the FTC announced that it would not enforce most provisions of the MARS Rule against real estate professionals who assist financially distressed consumers in obtaining short sales. The CFPB, as the new enforcement agency, has pledged to honor the forbearance previously announced by the FTC.
Struggling Homeowners: Relief Available
In conclusion, the California Mortgage Relief Program is an important resource for homeowners who are struggling with mortgage payments. It is a free and easy way to get the help you need, and there are no strings attached. If you are facing financial hardships, be sure to see if you qualify for assistance from the California Mortgage Relief Program.
