3. What I’ve found
• People want to stay in their homes.
• There are programs to help them do that.
• Those programs face challenges, limits.
4. Different kinds of hardship
• Job loss.
• Underemployment.
• Divorce.
• Medical condition.
• Death in the family.
• Other.
5. How many are struggling?
• Mortgage defaults in San Diego County:
2009: 35,215
2010: 22,414
2011: 18,777
• Foreclosures in San Diego County:
2009: 13,978
2010: 11,976
2011: 10,169
Source: DataQuick
6. Another measure of struggle
• More than 1 in 3
homes with a
mortgage in San
Diego County are
underwater.
• Underwater database
Source: DataQuick
7. Keep Your Home California
• $2 billion.
• 100,000 borrowers.
• Hardest Hit Fund.
• $7.6 billion to aid to 18 states and Washington,
D.C.
8. What it promises
• Provide mortgage aid to those who are
unemployed.
• Help people catch up on mortgage payments.
• Relocate families after a short sale, deed-in-
lieu.
• Reduce principal.