California has introduced a program to help older residents that have fallen behind on property tax or insurance payments. The $2 billion federal program will be enacted through the Keep Your Home California program, and will provide up to $25,000 of assistance to those who demonstrate need. This pilot program will assist residents age 62 and older stay in their homes and recover from financial hardships such as a decrease in income or expensive medical bills.
To read the full LA Times article, click here: http://www.latimes.com/business/la-fi-re-seniors-reverse-mortgages-20150217-story.html
Follow this link to the Keep Your Home California website: http://www.keepyourhomecalifornia.org/reverse-mortgage-assistance-program/