I was just called and emailed by a very nice representative of HOPE NOW who is trying to spread the word of a non-profit foreclosure workshop coming to Phoenix next Thursday. HOPE NOW is an alliance between counselors, servicers, investors, and other mortgage market participants to maximize outreach efforts to at-risk homeowners and help them stay in their homes.
This is a great program that you should consider attending if you are facing any sort of problems making your mortgage payments. The first and most important step is to contact your lender, preferably before you get into trouble. Don’t just sit around, act. Help the lenders help you. This workshop allows you to do just that. Take advantage of it.
Here is part of the email:
Home foreclosure is a major crisis impacting families in Arizona, and mortgage insurance provider PMI Group (www.homesafepmi.com) is working with local lenders and real estate groups to fight home foreclosure across the country, one community at a time.
Having a homeowners insurance policy won’t prevent damage to your home or belongings, but it may help provide a financial safety net if the unexpected occurs. An insurance from McEvoy Insurance / commercial insurance agency in Alexandria agent can help bou buy a homeowners insurance policy that fits your needs so you can be better prepared for a storm or crisis.
I would like to request your help in spreading awareness of this non-profit workshop in a Phoenix Real Estate Guy blog post that helps educate your readers of the many options available to foreclosure. Many homeowners misunderstand that lenders prefer to foreclose immediately after a single missed payment – however, foreclosure is typically the most costly option, and banks have developed dozens of workout programs and special financing options to stem the global financial crisis.
Keeping families and homeowners in their homes helps stop the devaluation of mortgage-backed securities. According to a January 2008 study published by Freddie Mac, fewer than 50 percent of homeowners contact their lender prior to entering foreclosure – our events are intended to change this trend and educate borrowers of the benefits available from their creditors.
We will be visiting Phoenix on Thursday, Oct. 23 with professional financial advisors and representatives from dozens of major lending banks. More information follows:
What: Homeownership Preservation Workshop
Sponsor: HOPE NOW Alliance (www.hopenow.com) (888) 995-HOPE
When: Thursday, Oct. 23 from 2:00 p.m. to 8:00 p.m.
Where: Glendale Civic Center
5750 West Glenn Dr.
Glendale, AZ 85301
Lenders: Representatives from dozens of national and local lenders
RSVP: First come, first served – arrive early to ensure your chance to meet with your lender!
Homeowners who need help, but are unable to attend the event are encouraged to:
· Contact the HOPE NOW Alliance at 1.888.995.HOPE or www.hopenow.com
· Contact their lender directly
· Access free information about options and alternatives to foreclosure at www.HomeSafePMI.com
* Helpful items to bring to the event:
o Your last paystub
o Mortgage statements
o Credit report
o Personal budget and monthly income estimates
o An itemized list of your cumulative debt to all creditors
o Toys or a game for your children to enjoy while they wait – wait times grow longer in the early evening.