Homeowner Audrey M. was committed to keeping her home – and finding a full-time position.
She accomplished both with the help of Keep Your Home California.
“It’s my home; I love it,” says Audrey, who bought her Elk Grove house 10 years ago. “I didn’t want to lose it, and I didn’t want to rent it out.”
Audrey applied for Keep Your Home California in March, but was first denied since she cashed-out when she refinanced her home. A few months later, a counselor called Audrey and told her to apply again since some guidelines had changed.
“It happened very fast,” Audrey says of the application process. “It was very clear, very easy to understand.”
Of course, Audrey, who was out of work for 20 months, says her three-decade career in the banking industry likely helped her speed along the application process. But she adds most homeowners could complete the application and tackle the paperwork with little trouble.
After sending some documents and writing a hardship letter, Audrey was approved for the program, allowing her to focus on the all-important job search in one of the hardest-hit industries in the state.
Keep Your Home California made her monthly mortgage payments for five months – July through November. Her sixth, and final, mortgage payment from the state program was never sent.
And Audrey couldn’t have been happier – she found a job in nearby Roseville.
“It’s a great program,” said Audrey, who started her new banking position in November.
Audrey, like many program recipients, touts Keep Your Home California to friends facing difficult times who are also looking for work.
“I wish more people would learn about the program,” she says.