State officials have noticed an emerging scam: Callers say they will help homeowners apply for Keep Your Home California benefits for fees of up to $900. The calls are happening statewide.
Applying for the program is free.
California, one of the hardest-hit states in the U.S., launched Keep Your Home California last year to help folks who’ve lost their jobs, seen their companies move away, or watched their home equities plummet from price-boom highs. The idea is to catch them up on mortgage payments, help them relocate after a short sale and cut their principal, by far the most controversial part of the program.
Officials with Keep Your Home California, a program run by the California Housing Finance Agency, encourage Californians to call 888-954-5337 instead of taking phone calls from solicitors about the program. You can also visit keepyourhomecalifornia.org.