Financial Assistance for CA Seniors with Reverse Mortgages

There is a new program in California for low - and moderate-income seniors that will provide them assistance to help avoid foreclosure.  The Reverse Mortgage Assistance Pilot Program, organized by Keep Your Home California, will help eligible seniors with delinquent property taxes and homeowner's insurance expenses.  It is expected to benefit around 1,400 homeowners who have a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage.  Read more about the new program here.