Short Sale Update

February 4, 2016 

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Distressed California Homeowners May Qualify for California’s Keep Your Home California Transition Assistance Program (TAP)     

If you live in California and feel that you can no longer afford your home and are pursuing a short sale or a deed in lieu of foreclosure, you may be eligible for financial help with your relocation to alternative housing.

Click here for San Diego Foreclosures

The funds come from the Transition Assistance Program (TAP), part of the Keep Your Home California Program.

The state of California is providing up to $5,000 in transition assistance to qualified homeowners who can no longer afford to stay in their homes. Here’s what you must do:

  • Apply for the funds through the “Keep Your Home California” website or by calling 1.888.954.5337.
  • Maintain their home until it is sold or returned to the lender via a negotiated deed in lieu of foreclosure.

For qualified homeowners, these state funds may be used in addition to any other transition assistance that the homeowner may receive by participating in the Federal Home Affordable Foreclosure Alternatives (HAFA) program or in any other pre-offer short sale program.

Click here for San Diego Short Sales

To learn more about the Transition Assistance Program’s guidelines, and how you may qualify, please visit the program’s website at http://keepyourhomecalifornia.org. You can also call 1.888.954.5337 and identify yourself as a Bank of America customer.

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Proud to serve,

JRThrasherContact

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