San Diego Offers Mortgage Relief for Homeowners Falling Behind on Payments
Amidst soaring gas prices, record-breaking inflation, and escalating housing expenses, many homeowners find themselves grappling with financial strain. If you’re struggling to keep up with mortgage payments, there’s potential relief on the horizon. CBS 8 is committed to informing you about assistance opportunities that might be available.
Monte Jones, the President and CEO of the Logan Heights Community Development Corporation, emphasizes their goal: assisting residents in retaining their homes. The non-profit organization is actively offering aid to individuals facing arrears in mortgage payments or property taxes. Importantly, the assistance comes in the form of a grant—no repayment required. Jones assures the legitimacy of the program, originating from the state of California, and urges residents not to hesitate in seeking help.
The Logan Heights Community Development Corporation facilitates access to state funds via the California Mortgage Relief Program for those residing in San Diego County. Jones emphasizes their hands-on approach, guiding clients through the process to ensure they compile all necessary documents. The objective is to empower individuals to leverage every available resource, allowing them to stay in their homes both in the short and long term.
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Eligible applicants have the potential to receive up to $80,000 in assistance, specifically tailored to bring their mortgage or property tax payments up to date. Selina Burns, a homeowner in Hemet, California, attests to the program’s efficacy, expressing relief and gratitude for the support received.
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CBS 8 conducted a check on the qualifying criteria, revealing the need for current ownership and occupation of the property as a primary residence, coupled with a pandemic-related financial hardship. President Jones encourages individuals, regardless of their location, to reach out to their office at 3040 Imperial Avenue or call 619-858-0563. Their dedicated staff is ready to assess each situation individually and explore avenues for assistance.
Jones underscores the importance of preserving homeownership during the holiday season and extends an invitation for those in need to seek help. The California Mortgage Relief Program, scheduled to conclude by 2025, operates on a first-come, first-serve basis. While there is no strict application deadline, applicants are advised to act promptly to secure their share of the available funds.
