We are in California and I have a listing that has 2 loans 1 with US Bank and 2nd with Bank of Stockton.

My client's job was termintated and he will be receiving a severance package. On is last check it shows that he was paid for sick leave and vacation about $7800 and they have about $4500 in the bank. I believe they will be getting a biweekly check for about 15 weeks until severance is paid out. Their expenses with house payments are $8,594 and now that his income has terminated I am not sure how to handle the severance pay?.

He is checking out unemployment and I believe he will be getting that. They are concerned with the severance package that they would not qualify for a hardship. Her income is $3792, so even if he got another job that paid around the same they would have a short fall.

My biggest concern is how to handle the severance package and $12,300 in thier bank, of course they will funds to relocate,  any suggestions would be helpful.