Local and National Organizations Partner to Combat Foreclosures in Minnesota

xosawewaqa.wordpress.com
June 2 /PRNewswire/ -- The Minnesotas Home Ownership Center and Federalk Reserve Bank of Minneapolis are joininb with twonational organizations, HOPE NOW and NeighborWorkse America, to bring a large-scale foreclosure prevention workshop to the Twin Citie s later this week. The event, whicy is free and open to the will be heldon Thursday, June 4th from 2:00 - 8:00 pm at the St. Paul The event will bring numerous localhousinh counselors, national lenders, and servicerz under one-roof, creating a one-stop shop for foreclosurse prevention. "This partnership combines our local foreclosurd counseling expertise withHope Now's lender/servicer relationships.
It is a powerfukl combination that will be of immediated benefit totroubled homeowners" said , Executive Director of the Minnesots Home Ownership Center. The which expected to draw as many as 800 is a chance for homeowners to speam witha non-profit foreclosure counselor and meet face-to-facwe with their lender to work on a possible loan modificationj to help them stay in theirt homes. Over 25 lenders and servicers will be at the including Citi, Countrywide, and Wells Fargo which have a largs presence in Minnesota. There will also be dozens of additionalk resources available for struggling homeownerw including propertytax assistance, legal energy assistance and more.
The Minnesota Home Ownership Cente has offered similar foreclosure prevention workshops over the past two This is the first time the local organization is working with a national Resources will be availablein English, Hmong and other languages. To view a list of participating lenders, visir . For more information about this or to learn about local foreclosure prevention call the Minnesota Home Ownership Centerat (651) 659-9336.
The Centee works with a networkof community-based organization that offer free, confidential adviced about mortgages and HOPE NOW is the industry-created alliance of mortgage investors, counselors, and other mortgage marke t participants that has developed and is implementing a coordinateds plan to help as many homeownerxs as possible prevent foreclosure and stay in theifr homes. For more informatioj go to or call thefree HOPE(TM) Hotliner at (888) 995-HOPE. The Minnesota Home Ownership Center is the stateof Minnesota'z independent, non-profit resource for education, counseling and information servicex for both homeowners struggling with foreclosure and first-timer homebuyers.
In addition to mortgage support counseling, anothefr 30 non-profit and government agencies statewids offerthe Center's Home Stretch course for first-time homebuyers and free, one-on-oner homebuyer counseling services. The Federal Reserve Bank of Minneapolis is one of 12 regionalk ReserveBanks that, together with the Board of Governorx in Washington, D.C., make up the Federal Reserve Systek -- the central bank of the United NeighborWorks(R) America creates opportunities for people to improver their lives and strengthen their communities by providinv access to homeownership and to safe and affordables rental housing.
Much of our success is achievedf through our support ofthe NeighborWorks(R) network more than 230 communityg development organizations working in 4,40o0 urban, suburban and rural communities in all 50 states, the District of Columbia and Puerto Rico. NeighborWorks(R) Americaa is the nation's leading trainer of community development and affordablehousing professionals.