South Orange County Real Estate

by Nick Bublik & Irina Bond

Keep Your Home California Program Launched

The so-called “Keep Your Home California program” launched today, aimed at keeping, you guessed it, more Californians in their homes.

The program offers four types of assistance:

Unemployment Mortgage Assistance Program (UMA) – For unemployed homeowners who wish to stay in their homes, this program can provide up to six months of benefits with a monthly benefit of up to $3,000 or 100 percent of the existing total monthly mortgage payment, whichever is less.

Mortgage Reinstatement Assistance Program (MRAP) – This program will provide up to $15,000 per household to reinstate mortgage loans that are in arrears due to a temporary change in household circumstance, such as active military duty.

Principal Reduction Program (PRP) – This program aims to reduce avoidable foreclosures by providing principal reductions to those who have experienced economic hardship while also being in a negative equity position. Servicers can match funds allocated through the program.

Transition Assistance Program (TAP) – The final option provides funding to those where foreclosure is unavoidable to pay for relocation fees, used in conjuction with a servicer-approved short sale or deed-in-lieu of foreclosure.

Eligiblity is as follows:

– Home must be in California

– You can only own a single property, a primary residence

– First mortgage must be less than or equal to $729,750 (conforming jumbo limit)

– No cash out received on a refinance or home equity line of credit

– Mortgage must have been originated on or before January 1, 2009

Call 888-954-KEEP or visit their website to see if you qualify.

Filed under: Keep Your Home, Mortgage Rates,

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About Us

As a Russian-speaking South Orange County team and residents of 20 years, Nick Bublik, REALTOR®, & his assistant, Irina Bond, are qualified and committed to guiding their clients through the real estate buying and selling processes with utmost loyalty and a wide range of experience.

Committed to providing exceptional service in each of their endeavors, Nick & Irina are passionate about helping each client reach their real estate goals. Through organization, dedication and perseverance, they deliver on their promises and facilitate results, no matter how complex the circumstances.

Together, Nick & Irina promise real estate transactions that exceed expectations.

Nick Bublik, REALTOR®
(949) 233-9304
Irina Bublik, Assistant
(949) 939-7831