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Posted: 9:14 a.m. Tuesday, July 10, 2012
RENO -- The Obama Administration’s Making Home Affordable Program and The HOPE NOW Alliance are bringing the nation’s largest mortgage servicers, along with several non-profit housing counseling organizations, to Reno next week in order to work one-on-one with struggling homeowners in Nevada.
The event will allow homeowners struggling to make their mortgage payments the opportunity to review their options and learn about possible alternatives to foreclosure.
This free event will be held on Tuesday, July 17, 2012, at the Reno-Sparks Convention Center, 4590 South Virginia Street, in Reno. Doors open at 1:00pm and the event will run until 8:00pm. Homeowners will be seen on a first come, first served basis and are encouraged to bring all mortgage documents, income documents, and hardship letters. A full list of the necessary documents can be found at www.MakingHomeAffordable.gov and www.HOPENOW.com.
Many of the largest mortgage companies are scheduled to be in attendance including Bank of America, Chase, Citi Mortgage, GMAC, Homeward Residential (formerly American Home Mortgage Servicing, Inc.), NationStar, Ocwen, OneWest, PNC, Select Portfolio Servicing, US Bank and Wells Fargo.
Additionally, there will be several non-profit housing counselors from local organizations and representatives from other mortgage market participants. Representatives from Nevada Hardest Hit Fund will also be on site to assist homeowners.
A similar event, sponsored by Making Home Affordable and HOPE NOW, was held in Reno in April 2010 and saw more than 700 homeowners receive face to face mortgage assistance.
"While more than 20,000 Nevada homeowners currently have more affordable mortgage payments through the Administration's Making Home Affordable Program, there are other homeowners out there who are still struggling and eligible for help," said Treasury Chief for Homeownership Preservation, Darius Kingsley. "This event offers homeowners a free opportunity to meet one-on-one with their mortgage servicer and a HUD-approved housing expert to discuss the options available to them based on their individual circumstances."
“I encourage all homeowners in the Reno area struggling with their mortgage – due to unemployment, under employment, medical hardship or other financial issues - to attend this free event. There are many tools available to assist homeowners and this is a unique opportunity to meet face to face with a mortgage servicer or a non-profit housing counselor. Attendees will get good objective advice, and may even go home with an affordable solution that helps them stay in their home for the long term,” said Faith Schwartz, Executive Director of HOPE NOW.
The Obama Administration’s Making Home Affordable Program was created to help struggling homeowners modify or refinance their mortgage payments to make them more affordable, or transition to more affordable housing to prevent avoidable foreclosures. For more information, go towww.MakingHomeAffordable.gov.
HOPE NOW is the industry-created alliance of mortgage servicers, investors, counselors, and other mortgage market participants, brought together by the Financial Services Roundtable, Housing Policy Council and Mortgage Bankers Association, that has developed and is implementing a coordinated plan to help as many homeowners as possible prevent foreclosure and stay in their homes. For more information, go towww.HopeNow.com.
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