Jobless benefits could end for almost 30,000 San Diegans at the start of the New Year if President Obama and Congress don’t act. But some of those residents, if they move quickly, could qualify for mortgage aid from the state. Keep Your Home California is a $2 billion program that helps keep struggling homeowners in their properties. It catches them up on mortgage payments, helps them relocate after completing short sales and cuts their principal balances.
State officials have urged certain out-of-work borrowers to apply for a slice of the program that offers up to $3,000 a month in mortgage aid for a maximum of nine months. Since unemployment benefits could end in the New Year, borrowers must apply before this month ends, said Di Richardson, the program’s director.
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