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Obama Administration and HOPE NOW to Host Free Help for Homeowners Event in Los Angeles
Arcadia Weekly Mar 17, 2012
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The Obama Administration’s Making Home Affordable Program, The HOPE NOW Alliance and NeighborWorks® America are bringing the nation’s largest mortgage servicers, along with more than a dozen non-profit housing counselors, to Los Angeles this month in order to work one-on-one with struggling homeowners in southern California.
The event will allow homeowners struggling to make their mortgage payments the opportunity to review their options and learn about possible alternatives to foreclosure.
This free event will be held on Thursday, March 22, 2012, at the Los Angeles Convention Center, 1201 South Figueroa Street, in Los Angeles. Doors open at 1:00pm and the event will run until 8:00pm. Homeowners will be seen on a first come, first served basis and are encouraged to bring all mortgage documents, income documents, and hardship letters. A full list of the necessary documents can be found at www.MakingHomeAffordable.gov and www.HOPENOW.com.
Many of the largest mortgage companies are scheduled to be in attendance include American Home Mortgage Servicing, Aurora Loan Services, Bank of America, Chase, Citi Mortgage, GMAC, HSBC, Ocwen, OneWest, PNC, Seterus, Select Portfolio Servicing and Wells Fargo.
Additionally, there will be several non-profit housing counselors from local organizations and representatives from several other mortgage market participants. Homeowners struggling because of unemployment can also learn more about the Keep Your Home California program, funded by Treasury’s Hardest Hit Fund, to help them make their mortgage payments while they look for work.
“While hundreds of thousands of California homeowners currently have more affordable mortgage payments through the Administration’s Making Home Affordable Program, there are other homeowners out there who are still struggling and eligible for help,” said Treasury Chief for Homeownership Preservation, Darius Kingsley. “This event offers homeowners a free opportunity to meet one-on-one with their mortgage servicer and a HUD-approved housing expert to discuss the options available to them based on their individual circumstances.”
“Unemployment, medical hardships and other financial issues have deeply affected homeowners in southern California. Many people have fallen behind on their mortgage payments, but we want them to know that free help is available. I urge people to come to this event and meet with their mortgage servicer or a housing counselor. They will get good objective advice, and may even go home with an affordable solution that helps them stay in their home for the long term,” said Faith Schwartz, Executive Director of HOPE NOW.
The Obama Administration’s Making Home Affordable Program was created to help struggling homeowners modify or refinance their mortgage payments to make them more affordable, or transition to more affordable housing to prevent avoidable foreclosures. For more information, go to www.MakingHomeAffordable.gov.
HOPE NOW is the industry-created alliance of mortgage servicers, investors, counselors, and other mortgage market participants, brought together by the Financial Services Roundtable, Housing Policy Council and Mortgage Bankers Association, that has developed and is implementing a coordinated plan to help as many homeowners as possible prevent foreclosure and stay in their homes. For more information, go to www.HopeNow.com.
NeighborWorks® America creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. NeighborWorks® America is the nation’s leading trainer of community development and affordable housing professionals. For more information, go to www.nw.org.
