Millions of Californians have lost work due to the COVID-19 pandemic, and that’s left many homeowners having trouble making their mortgage payments.
In light of this unprecedented job loss, Village Properties, a locally owned real estate agency based in Montecito, has launched the We Care resource page for distressed homeowners with information on types of assistance available to help them. The website is www.villagesite.com/we-care.
The We Care resource center, on the company’s website, provides comprehensive fact sheets and forms related to mortgage forbearance, mortgage assistance, loans for veterans, and the Coronavirus Aid, Relief, and Economic Security (CARES Act) passed by Congress in March.
Homeowners in need of help or with questions can also contact Village Properties directly at 805-969-8900.
“At Village Properties it is our desire that those who wish to stay in their homes may do so,” said the company’s owner Renee Grubb. “We felt it was vital to make these resources accessible to our community during these uncertain times.”
Possible options available to distressed homeowners include mortgage payment forbearance, which involves coming to an agreement with the home servicer or lender to temporarily pause or reduce mortgage payments. The CARES Act allows this option for all borrowers who, either directly or indirectly, experience financial hardship due to the COVID-19 pandemic.
U.S. veterans may also be able to obtain mortgage assistance through the Department of Veterans Affairs, including help making up the financial shortfall from the sale of a home that is underwater.
Forms on the resource page can be downloaded and used to determine eligibility for assistance programs. Village Properties agents are available to talk with homeowners about their specific real estate needs during these uncertain times.
For information or to contact Village Properties, visit https://www.villagesite.com/, email email@example.com, or call 805-969-8900.