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Help for homeowners – Quick Note July, 2021


Mortgage Relief for Homeowners

If you are experiencing a hardship such as job loss, income reduction, or sickness due to COVID-19 and you are no longer able to make your mortgage payment, your mortgage servicer is available to help with mortgage relief options, including:

  • Payment relief through a forbearance plan offers a reduction or suspension of your mortgage payments for up to 12 months, offered in increments of up to six months
  • Late fee relief during your forbearance plan period
  • Repayment options following your forbearance. You are not required to repay missed payments all at once, but you have that option. You can also set up a repayment plan to catch up gradually or a loan modification to help keep payments affordable.

Additionally, foreclosure and eviction relief may now be available through the Federal CARES Act and continueing amendments thru Aug 31st, 2021. Please realize Loan Servicers are flooded with requests and we suggest you allow plenty of time where possible to navigate the process.

To learn more visit our Mortgage Relief Page with all the links HERE.

  Foreclosure information:There are many programs and steps you can take if you are experiencing financial difficulties on making your loan payment. If you are experencing foreclosure, you may find it hard to understand the process you lender will use to legally sell your property to pay off the debt you owe. The actual number of days can differ, and many times timelines will be extended, however below are the minimum days it would take by law in the state of California.California Foreclosure Timeline

 

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Licensing

Loan Officer NMLS #347918 CA DRE # 01146347

Trinity Mortgage NMLS #281763 CA BRE 01855258

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Dan Cassel - Trinity Mortgage
11622 El Camino Real
San Diego, CA 92130

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