Showing posts with label Housing. Show all posts
Showing posts with label Housing. Show all posts

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

Monday, June 2, 2008

Tuesday, June 10 & Wednesday, June 11: Housing Resources Seminars at the Library

The Racine Public Library, 75 Seventh St., will host two free seminars presented by Housing Resources, Inc. introducing attendees to programs available to them for assistance in home buying. The first seminar, First Time Homebuyer Education, will be held on Tuesday, June 10 at 6:30 p.m in the Library's Lee Room. The second seminar, The Benefits of Reverse Mortgage, will be held on Wednesday, June 11 at 10:00 a.m. in the Library's Lee Room. Although drop-ins are welcome, registration is recommended for these free programs and may be made by contacting the Adult Services Dept. at 262.636.9217.

Homebuyer education is required for first-time home buyers to access many special loan programs and grants. In the first seminar, Mark Schultz of Housing Resources, Inc. will give an overview of First-time Home Buyer education classes offered through this organization.

If you are a senior (62 or older), a Home Equity Conversion Mortgage or reverse mortgage can provide you with one option to improve your financial situation. This second seminar will define reverse equity mortgage and give an overview of eligibility requirements, financial implications, and other alternatives to obtaining this type of mortgage.

Housing Resources, Inc. is a locally based nonprofit organization dedicated to helping individuals and families purchase their own homes. They have earned a proven track record of providing quality home counseling services to prospective low and moderate-income home buyers and have become a trusted leader in the assisting hundreds of buyers in purchasing each year. They strive to reach out to the community to expand home ownership opportunities through education, credit counseling, home purchase, maintenance and wealth building.

To register for these seminars, contact the library at 262.636.9217. For more information about the content of the classes offered by Housing Resources, Inc. please contact Mark Schultz at 262-636-8271.