Estimated Number of Participating Households. Approximately 6,460. This figure is based on loans with unpaid principal balances ranging from $200,000 to $400,000 with an average funding of $5,000.00.
Estimated Number of Participating Households. It is expected that that 5,000 – 6,000 families will be assisted under this Program.
Estimated Number of Participating Households. The Business Plan calls for this program element to assist up to 100 families complete their home abandonment/ownership through a short-sale and matriculate to a rental property somewhere else in Nevada.
Estimated Number of Participating Households. Approximately 1,300 households could be assisted under this program assuming an average assistance amount of $27,500.
Estimated Number of Participating Households. It is estimated that 200 homeowners will receive assistance. If market conditions support continued program viability and the portfolio can be revolved at a favorable price before December 31, 2020, program funds could be revolved to help additional homeowners.
Estimated Number of Participating Households. It is anticipated that the DPA Program will assist approximately 1,000 households.
Estimated Number of Participating Households. It is estimated that up to 2,200 applicants/families could receive 2nd lien relief under this program. If the level of lender participation exceeds 60% versus the program’s 40% or the average program funding level averages less than the maximum of $16,500 in necessary funding to create the 2nd lien relief, then there could be an increase in the number of borrowers assisted.
Estimated Number of Participating Households. It is anticipated that the Permanent Modification Component will assist a minimum of 4,336 households in avoiding imminent foreclosures. Based upon the median or estimated average amount of assistance we could assist as many as 7,227 households.
Estimated Number of Participating Households. It is anticipated that the Principal Reduction Assistance component will assist a minimum of 1,808 households in avoiding foreclosures.
Estimated Number of Participating Households. It is anticipated that the Second Mortgage Assistance Component will assist a minimum of 407 households.
