If you are in danger of foreclosure, or you know someone who is, or you just want to make sure you never fall into that danger, attend this session being held in Bedford Stuyvesant on Tuesday, July 14th.
Counsellors will be on hand to give advice, free of charge.
Participating groups include the best of the best in the city (we'd dare say the best of the best in the country).
They include NEDAP (the Neighborhood Economic Development Advocacy Project), South Brooklyn Legal Services, the Flatbush Development Corporation, the Pratt Area Community Council and others.
Location is the Bed-Stuy Multi-Service Center at 1958 Fulton Street.
Time is Tuesday, July 14th, from 4 to 8 p.m.
Elected officials, including Brooklyn Borough President Marty Markowitz and State Senator Malcolm Smith, are involved in putting together the session, according to NEDAP.
Those involved will also attempt to make people aware of scams that pretend to offer foreclosure help, but instead run off with your money.
Most of the efforts by organizations like PACC are too late for most homeowners in foreclosure because of the statistics:
Over 80% of homeowners in central Brooklyn facing foreclosure are way past the point where lender remedies can be applied (loan modifications, forebearance, etc...).
The average resident in facing foreclosure in central Brooklyn is usually 6 to 8 months in default before they begin to enlist advocate services like these.
But banks are still the challenge to getting anything done, as was highlighted in the article at the link below:
http://mybrooklynreport.com/2009/07/30/are-banks-interested-in-modifying-your-existing-mortgage/
If you or someone you know is facing foreclosure all alternatives must be explored for where your default status offer you.
Posted by: Michael Corley | August 02, 2009 at 10:21 AM