State Banks and Credit Unions Offer Mortgage Relief for Fire Survivors

The Impact of the Relief Program on Homeowners

The relief program aims to provide temporary financial assistance to homeowners who are struggling to make their mortgage payments. This assistance will help prevent foreclosures and give homeowners time to get back on their feet.

Relief is also available for residents of the following cities: Beverly Hills, Culver City, El Segundo, Gardena, Hawthorne, Inglewood, Lawndale, Los Angeles, Manhattan Beach, Maywood, Palmdale, Paramount, Redondo Beach, Rolling Hills Estates, San Pedro, South Gate, Torrance, Vernon, West Covina, and West Hollywood.

Relief for L.A. County Residents

The City of Los Angeles has implemented a program to provide relief to qualified residents living in specific ZIP codes and cities.

Relief Options for Borrowers in Designated Zip Codes

Relief options are available for borrowers in designated zip codes, but they are not available to all borrowers. Borrowers must contact their mortgage servicer to obtain relief. The following are some relief options that may be available:

Temporary Repayment Reduction: Borrowers may be eligible for a temporary reduction in their monthly payments, which can help reduce financial stress and make it easier to make payments. Forbearance: Borrowers may be able to temporarily suspend or reduce their mortgage payments for a specified period, which can help prevent foreclosure. Loan Modification: Borrowers may be able to modify their loan terms, such as reducing the interest rate or extending the repayment period, to make their payments more manageable. * Debt Forgiveness: Borrowers may be able to have a portion of their debt forgiven, which can help reduce their financial burden. ## How to Apply for Relief**

How to Apply for Relief

To apply for relief, borrowers must contact their mortgage servicer and provide documentation to support their request.

“It’s a critical step towards rebuilding our economy and ensuring that everyone has access to the relief they need.”

The COVID-19 Relief Package: A Crucial Step Towards Recovery

The COVID-19 pandemic has left an indelible mark on the United States, causing widespread economic disruption, social isolation, and a significant strain on the healthcare system.

Newsom has also extended the state tax filing deadline to Oct. 15 for L.A. county residents. Under another order, homeowners have until April 2026 to file their property taxes.