The City and the Arizona Foreclosure Prevention Task Force will present a two-day event in November to help homeowners facing foreclosure.
The Foreclosure Survival and Prevention Workshops for Families will be held from 1-4:30 p.m. on Fri., Nov. 5 and from 9 a.m. – 1 p.m. on Sat., Nov. 6 at the Chandler Community Center, 125 E. Commonwealth Avenue.
The free workshops will provide homeowners who are struggling to keep their homes the opportunity to meet with their lenders and HUD Certified Counselors. Attending lenders include Bank of America, Chase, Wells Fargo, U.S. Bank, CitiMortgage, SunTrust Mortgage and PNC Mortgage.
Presenters will provide information on foreclosure prevention, short sales, the Save My Home program, crisis budgeting, rebuilding after foreclosure, avoiding scams and dealing with upside down mortgages (see attached flier for presentation schedule).
Participants are encouraged to bring copies of the following documents to the workshops: closing packet for your mortgage, recent bank statements, mortgage bills, federal tax returns for the last two years, and pay stubs and/or unemployment documentation for the last two months.
Chandler had 590 homes in foreclosure in September. The Amherst Securities Group, a financial services provider to institutional investors in the mortgage sector, recently estimated that over 11 million borrowers in the U. S. are in danger of losing his or her home (one borrower out of every five).
Foreclosures impact much more than the homeowner and lender involved. The Woodstock Institute, a nonprofit research organization in the areas of fair lending and wealth creation, found that each foreclosure within a city block of a single-family home reduces that home’s property value by approximately one percent.
The Arizona Foreclosure Prevention Task Force is a non-profit volunteer organization created to reduce residential foreclosures in Arizona and the impact of foreclosure on families and communities.
For more information, visit www.chandleraz.gov/neighborhoods , or call 480-782-4320.
Meetings to provide help to homeowners facing foreclosure
