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The California Mortgage Relief Program provided grants to thousands of homeowners who faced financial hardships as a result of the Covid-19 pandemic. Funded by the federal government, the program helped vulnerable homeowners get a fresh start.
Using $1 billion in federal funds, the grants help homeowners who had a financial hardship during the COVID-19 pandemic. Assistance provided through this program is not a loan and does not need to be paid back.
The Homeowner Assistance Fund was established by the American Rescue Plan Act to help homeowners who have been financially impacted by COVID-19 with certain housing-related costs. The programs goal is to prevent: Mortgage issues like delinquencies, defaults, or foreclosures.
Homeowner Assistance Fund (HAF) Eligible homeowners who receive HAF mortgage assistance grants can use them to catch up on past-due mortgage payments. They can also pay other housing-related bills.
What Is the Difference Between a Release and a Satisfaction of Mortgage? A release is synonymous to a satisfaction of mortgage since they indicate the borrower has repaid their mortgage loan in full and the lien on the property has been lifted.
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