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 and/or eligible third party, for application towards homeowner’s total, accrued delinquent mortgage payments, escrow shortages, corporate advances, excluding late charges and NSF fees, delinquent property taxes and/or delinquent condominium association fees on homeowners’ account.
Duration of Assistance. Homeowners may receive assistance up to a maximum of 36 months. Should a homeowner become reemployed within the applicable period, the homeowner may continue receiving assistance for up to an additional two months after reemployment. Additionally, if a homeowner becomes reemployed within the applicable period and the homeowner’s mortgage payment exceeds 31% of their current income, they are eligible for continued assistance. Any reinstatement assistance shall be made in one payment.
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.
