BAKERSFIELD, Calif. - A two billion dollar state program is helping distressed families save their homes. "Keep Your Home California," is designed to address different aspects of the mortgage crisis.
Last fall, accountant Linda Victory found herself without a job and in great danger of losing her home.
"I didn't know what I was going to do or where I was going to go," said Victory. "My daughter has never lived anywhere else, this is the only home she's ever had and I didn't want to take that away from her."
Victory found help with the "Unemployment Mortgage Assistance" program. The state runs it and it gives out-of-work homeowners as much as $3,000 a month for a year.
Close to 28,000 families have already been helped around the state. In Kern County, 509 homeowners received funds through the free program, with a total of $4.5 million issued.
"This is huge because unemployment does not cover your expenses," said Courtney Clerico from Consumer Credit Counseling Service.
Money received does not have to be paid back, but homeowners have to stay living there for a period of three years.
For more information on the program you can click here .
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