MEDA can help eligible homeowners avoid preventable foreclosures via the “Keep Your Home California” program.

Programs include:

• Unemployment Mortgage Assistance – Provides temporary assistance to eligible homeowners who have suffered involuntary unemployment.

• Principal Reduction Program – Helps homeowners with severe negative equity qualify for a sustainable loan modification, by reducing principal loan balances.

• Mortgage Reinstatement Assistance Program – Helps eligible homeowners reinstate their first mortgage loan if they have fallen behind because of short-term financial problems.

• Transition Assistance Program – Provides one-time funds to help homeowners relocate into a new housing situation if they have executed a short sale or deed-in-lieu of foreclosure program.

Basic homeowner eligibility requirements:

• Own and occupy the home as primary residence
• Meet low- and moderate-income limits
• Have documented eligible hardship
• Have adequate income to sustain modified mortgage payment
• Mortgage loan is delinquent or in imminent default

Basic property eligibility requirements:

• Mortgage is a first lien loan originated on or before January 1, 2009
• Unpaid principal balance does not exceed $729,750
• Property must not be abandoned, vacant or condemned
• Property must be located in California

If you are interested in learning if you qualify for the “Keep Your Home California” program, please contact: (888) 954-KEEP (5337); www.KeepYourHomeCalifornia.org.

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• Comprehensive medical, vision and dental insurance for employees and their dependents — 100% covered by MEDA.
• 401(k) Plan for employees.
• Generous paid time off — minimum of 20 days for new employees.
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• Other forms of voluntary benefits.

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