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HOPE NOW delivers big results

HOPE NOW Helps Almost 2,100 Troubled Borrowers in February



Thousands of homeowners across the nation are facing foreclosure, but nearly 2,100 of these troubled borrowers received mortgage assistance through HOPE NOW’s homeownership preservation events in February in Sacramento, California and Houston.  


The workshop in Sacramento, California had 1,200 attendees, and almost 900 families attended the Houston workshop. In Sacramento, hundreds of homeowners with financial documents still outstanding also participated in a special document collection clinic with servicers. HOPE NOW said these clinics helped move homeowners already in trial plans into permanent Making Home Affordable modifications.


These borrower outreach events gave at-risk homeowners a chance to meet face-to-face with their mortgage servicer or a HUD-approved housing counselor. More than a dozen major mortgage servicers were on hand to offer assistance at both events, as well as representatives from several local HUD-approved counseling organizations.


The signature workshops, sponsored by the HOPE NOW Alliance, the Obama administration’s Making Home Affordable Program, and NeighborWorks America, were the continuation of an aggressive outreach effort to visit many of the hardest-hit housing markets in the country.


“Since 2008, HOPE NOW has held more than 60 of these events nationwide, and we are proud of the fact that the industry has come together with the government and the nonprofit community to offer a much needed face-to-face outreach model,” said Faith Schwartz, executive director of HOPE NOW.


HOPE NOW said it plans to continue these homeownership preservation events throughout 2010. Workshops are already lined up; March in Tucson, Arizona; Phoenix; Portland, Oregon; and Seattle. In addition, events in Las Vegas and Reno, Nevada are planned for April.

By: Brittany Dunn - DSNews.com


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