Duration of Assistance. Program funds will be distributed as a one-time payment to the servicer.
Duration of Assistance. The duration of the assistance is determined by the individual need of each eligible borrower. Assistance will be paid directly to the existing servicer and may be distributed in a lump sum or on a monthly basis until the maximum program amount is reached.
Duration of Assistance. Program is a one-time payment per seller household, made upon close of escrow on the short sale.
Duration of Assistance. In most cases, assistance will be available to households on a one- time only basis; provided, however, that CalHFA MAC reserves the right to provide additional PRP benefits (not exceed the maximum program assistance amount per household) to previous PRP recipients if the homeowner has suffered a subsequent, qualifying hardship.
Duration of Assistance. One-time assistance to homeowner, paid directly to Lender/Servicer, for application towards capitalized balance and/or negative equity, excluding late fees and NSF fees, on homeowners’ mortgage account.
Duration of Assistance. Up to 18 months or until the homeowner secures adequate employment (sufficient to pay the mortgage payment with 31% of total income) plus two months, whichever is less. The homeowner may continue to receive assistance for up to 2 months after reemployment (not to exceed 18 months in total.)
Duration of Assistance. Second mortgage assistance will be disbursed in full in a one- time payment contingent upon the closing of the transaction.
Duration of Assistance. The 2nd lien elimination program will be a one time payment program.
Duration of Assistance. The duration of the assistance is determined by the individual need of each eligible borrower up to the maximum household limit. The homeowner may continue receiving assistance for up to 2 months after reemployment as long as the program household limit has not been reached. Assistance will be paid directly to the existing servicer, municipality, association, insurer or lien holder and may be distributed in a lump sum or on a monthly basis until the maximum program amount is reached.
Duration of Assistance. Second mortgage settlement will be disbursed in full at the initial completion of the modification agreement.
