The California Mortgage Assistance Relief Program was designed to assist homeowners who are struggling with their mortgage payments. The program aimed to provide relief to eligible homeowners facing financial hardship by offering various forms of assistance, such as loan modifications, short sales, and transition assistance.

Key points about the program may include:

1. Eligibility Criteria: Homeowners typically need to meet specific eligibility criteria, such as experiencing a financial hardship, occupying the property as their primary residence, and having a mortgage that is owned or serviced by a participating lender.
2. Loan Modification: MARP may offer loan modifications to eligible homeowners, which can include changes to the interest rate, loan term, or other terms of the mortgage to make it more affordable.
3. Transition Assistance: For homeowners who are unable to retain their homes, the program may provide transition assistance, including financial help for moving expenses.
4. Short Sales: In some cases, MARP may facilitate short sales, allowing homeowners to sell their homes for less than the outstanding mortgage balance.
5. Participating Lenders: The program involves collaboration with various lenders and servicers. Homeowners should check with their specific lender to determine if they are part of the program.

To get the most accurate and current information, I recommend visiting the official California Housing Finance Agency (CalHFA) website or contacting a housing counselor approved by the U.S. Department of Housing and Urban Development (HUD).

If you, or someone you know, is struggling with their mortgage payment in California, you may be eligible for the California Mortgage Assistance Relief Program. This program offers assistance in the form of loan modifications, short sales, or transition assistance.

Typically, you’ll need to show that you’re experiencing a financial hardship and you occupy the property as your primary residence. In addition, your mortgage needs to be owned or serviced by a participating lender.

If you meet this criteria, the program could help with a loan modification that would result in making your mortgage more affordable by reducing the interest rate or loan term or both.

Should you decide that you simply can’t keep the home, this program may help by assisting with a short sale or transition assistance. A short sale allows the homeowner to sell the home for less than the outstanding loan balance, and, transition assistance may include financial help for moving expenses.

If you would like additional information, please contact me and I’ll be happy to assist.