Unemployment program eases ‘some of my concerns’
Human resources executive Susan M. first heard about Keep Your Home California during a large round of layoffs at her work.
Rapid response team representatives detailed numerous jobless benefits available to the affected employees, including Keep Your Home California’s Unemployment Management Assistance Program.
Susan, who held her position for more than 20 years, was used to hearing about programs established to help unemployed workers. But, this time, she was among the almost 100 employees laid off as part of an acquisition by a much-larger company.
“Thank God, there was something out there for us,” she says. “This is really a great program for those who have hit a bump in the road.”
Under the free mortgage-assistance program, out-of-work homeowners who are eligible for unemployment benefits from the state Employment Development Department can receive as much as $3,000 per month for up to one year.
“It’s bought me some extra time,” says Susan, who is busy looking for full-time jobs in Southern California. “I am very grateful.”
She applied for the free program on June 6, and was approved for funding July 2.
“I was kind of surprised, that was really fast,” she says. “Within 10 days, Keep Your Home California said everything looked good and they sent the information to the credit union.”
A couple weeks later, her mortgage servicer, Logix Federal Credit Union, approved her for the state-managed program. Dozens of credit unions participate in the program.
“The application process was very easy, but there was a lot of paperwork,” says Susan, who bought her home north of Los Angeles in 2003. “Having a little bit of knowledge (about completing paperwork) helped.”
Now, she can focus her attention on finding another job rather than worry about her monthly mortgage payment.
“I’m very thankful,” Susan says. “It doesn’t solve all of my problems, but it does ease some of my concerns.”