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12/1/2023 - NEWS: California mortgage relief program helping San Diegans
10/26/2023 - California Courts Self-Help Information Page
READ FIRST: The following section provides very basic information that generally applies to most people. Foreclosure law is very complicated and does not fit a simple explanation, in part because the rules vary based on different situations. more
12/20/2021 - California's Nation-Leading Mortgage Relief Program Receives Federal Approval
The California Mortgage Relief Program will be the largest in the nation
$1 billion in funds to help tens of thousands of homeowners save their homes
SACRAMENTO – Governor Gavin Newsom today announced that California’s plan to provide $1 billion in mortgage relief grants to tens of thousands of homeowners who have fallen behind on housing payments or reverse mortgage arrearages during the COVID-19 pandemic has been approved by the U.S. Department of the Treasury, clearing the way for a full program launch in the coming weeks. Under Governor Newsom’s plan, the California Mortgage Relief Program will help an estimated 20,000 to 40,000 struggling homeowners, with funds reserved for homeowners in socially disadvantaged and underserved communities often hit hardest by the pandemic. more
2/16/21 - US DEPARTMENT OF TREASURY Emergency Rental Assistance Program
By US DEPT OF TREASURY
Policy Issues
The Emergency Rental Assistance program makes available $25 billion to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic. The funds are provided directly to States, U.S. Territories, local governments, and Indian tribes. Grantees use the funds to provide assistance to eligible households through existing or newly created rental assistance programs.
4/16/20 - COVID-19 Mortgage Forbearance: What To Know Before You Delay Payment
By Forbes
Michelle Black Contributor
Millions of individuals and families across the country are facing financial hardships during the coronavirus crisis. According to the Pew Research Center, as of late March, nearly half of Americans considered the pandemic to be a major threat to their personal finances. It’s understandable that people are concerned. And the situation is escalating: Between March 15 and April 4, nearly 17 million U.S. citizens filed for unemployment benefits.
4/9/20 - Coronavirus Update - California Department of Business Oversight
By California Department of Business Oversight
The State of California is working to soften the financial impact of COVID-19 on residents who are struggling to pay their mortgage and bills. At Governor Gavin Newsom’s request, Citigroup, JP Morgan Chase, US Bank, Wells Fargo, and nearly 200 state-chartered banks, credit unions, and mortgage lenders and servicers have committed to providing relief for consumers and homeowners in California. more
4/7/20 - California judiciary panel delays evictions, foreclosures until summer due to COVID-19
By Danielle Bergstrom
On Monday the California Judicial Council approved emergency orders essentially halting most evictions and foreclosures through the summer.
The order is a welcome respite for many renters and homeowners struggling to pay their rent and mortgage this month due to job losses caused by the COVID-19 pandemic. However, there is no rent forgiveness on the table — and renters are urged to learn their rights in these uncertain times. more
4/6/20 - Guide to Coronavirus Mortgage Relief Options
By Consumer Financial Protection Bureau
If you’re among those financially impacted by the coronavirus pandemic, you might be concerned about how to pay your mortgage or rent. Federal and state governments have announced plans to help struggling homeowners during this time. Read this to get information on what to do now, and what your options are for mortgage and rental relief. more
4/3/20 - Foreclosure Moratorium Policies in Response to the COVID-19 Pandemic
By JDSUPRA
In the face of the COVID-19 pandemic and the resulting economic downturn, housing advocates and lawmakers have called for a nationwide moratorium on foreclosures. On March 18, U.S. Department of Housing and Urban Development Secretary Ben Carson authorized the Federal Housing Administration (FHA) to impose an immediate foreclosure moratorium for the next 60 days for single-family homeowners whose mortgages are FHA insured. more
3/25/20 - California Governor Gavin Newsom Announcement
Wells Fargo, Citi, JPMorgan, and US Bank have agreed to a 90 day grace period for mortgage payments for those impacted by the Coronavirus.
https://twitter.com/GavinNewsom/status/1242905395011538947?s=20
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3/25/20 - Banks Agree With California To Stop Foreclosures For 90 Days In Coronavirus Crisis
By Nathan Rott
California has reached a deal with several financial institutions, including four of the country's five largest banks, to provide relief to homeowners affected by the coronavirus by suspending foreclosures and delaying mortgage payments, the governor announced Wednesday. more
3/18/20 - HUD Provides Immediate Relief for Homeowners Amid Nationwide Coronavirus Response
Suspends all foreclosure and evictions for the next 60 days
WASHINGTON - U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson, in consultation with the Trump Administration and the Coronavirus Task Force, today authorized the Federal Housing Administration (FHA) to implement an immediate foreclosure and eviction moratorium for single family homeowners with FHA-insured mortgages for the next 60 days. These moratoriums are part of the continued effort by President Trump to address impacts to the financial well-being of America’s individuals, families, and businesses caused by Coronavirus (COVID-19). more