The city of Lake Elsinore has created a guide to help homeowners navigate the mortgage relief program enacted by Congress as part of the CARES Act in March.
The Coronavirus Aid, Relief, and Economic Security Act, usually referred to by its acronym, was signed into law on March 27 and in addition to $2.2 trillion in stimulus spending the law allows up to one year of forbearance for all federally-backed loans.
City leaders are offering webinars in addition to the information available on the city’s website to walk homeowners through figuring out whether they are eligible for mortgage forbearance, and how to apply for it.
Lake Elsinore City Councilwoman Natasha Johnson announced the tutorial and webinars at the city’s May 12 council meeting.
“Mayor (Brian) Tisdale and I sit