Tuesday, November 25, 2008

FORECLOSURE PREVENTION AT THE LIBRARY

In these tough economic times, many people are faced with the possibility of losing their home. For those members of the community in need of guidance, the Racine Public Library is offering a program on Foreclosure Prevention presented by Housing Resources, Inc. The free seminar will be held on Tuesday, Dec. 2 at 6:30 p.m. in the library's Lee Room.

In this one-hour presentation, participants concerned about possible foreclosure on their property will learn the ways in which Housing Resources, Inc. can help, what rights homeowners are entitled to, and ways in which lenders may be willing to assist.

Mark Schultz of Housing Resources, Inc. will be on hand to discuss the foreclosure time line and what documents are needed when meeting with counselors. Topics such as "short sales" and loan modifications vs. refinancing will also be discussed.

Participants will be able to find our where they are in the foreclosure process and what options are available. Appointments may be scheduled with a HUD-approved bilingual Foreclosure Prevention Counselor.

Housing Resources, Inc. is a HUD-approved, NeighborWorks-chartered, non-profit organization that specializes in homeownership training, foreclosure prevention counseling and reverse-equity mortgage counseling. They have been performing these services in Racine for approximately eight years and have assisted several hundred families purchase their first home. Due to the unprecedented number of foreclosures taking place, Housing Resources, Inc. began foreclosure prevention counseling in June of the 2008. This knowledgeable staff completed HUD and NeighborWorks training and have gained certification from both agencies.

Registration is recommended for this free program. Please call 262.636.9217 to reserve a spot.
Questions about the program may be directed to Housing Resources, Inc. at 262.636.8271

No comments: