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March 6, 2012 > City helps homeowners avoid foreclosure

City helps homeowners avoid foreclosure

Submitted By Colleen Kamai

The City of Hayward in collaboration with major lenders and non-profit counseling agencies will host a Foreclosure Prevention/Help for Homeowners community event at City Hall on Saturday, March 10, 2012 from 10:00 a.m. to 3:00 p.m. Three major lenders have confirmed their participation: CHASE, GMAC Mortgage and Bank of America. One of the two largest mortgage investors, Fannie Mae, will also be present. Lenders will invite residents, who are in the loan modification process or have defaulted on their loans, to discuss options available to avoid foreclosure. The event will target residents from Union City, Fremont, San Leandro, Hayward and unincorporated Alameda County (Fairview, Ashland, Cherryland, San Lorenzo, and Castro Valley).

Several area non-profit, HUD-approved counseling organizations, such as Unity Council, ECHO Housing, Operation HOPE and NID Housing Counseling Agency, will be at the event to provide free, one-on-one consultations to at-risk homeowners. In addition, Housing and Economic Rights Advocates (HERA) will be at the event to help homeowners with legal matters related to foreclosures.

California Housing Finance Agency (CalHFA) representatives will promote the State's Keep Your Home California (KYHC) program which consists of a series of programs developed by the State in collaboration with numerous community partners, foreclosure counselors, housing advocates and others directly involved in helping struggling homeowners. KYHC includes unemployment mortgage assistance, mortgage reinstatement assistance, principal reduction and transition assistance programs.

To make the most of this event, attendees should take the following: 1) Monthly mortgage statement; 2) Information about other mortgages in your home, if applicable; 3) Two most recent paystubs, documentation of income you receive from other sources or most recent quarterly profit and loss statements, if self-employed; 4) Two most recent bank statements; 5) Account balances and monthly payments for credit cards and other debts; 6) Estimates of other monthly expenditures (such as utilities, insurance and medical bills).

The Request for Modification and Affidavit Form and the IRS Form 4506T-EZ will be available at the event. Attendees can also download and print these forms at www.MakingHomeAffordable.gov.

Free parking is available in the parking garage at B Street and Mission Boulevard, opposite City Hall. Please enter the parking structure from Mission Boulevard. Hayward BART station is next to the event location.

For more information, call the Homeowner's HOPE Hotline at1-888-995-HOPE (4673), visit www.MakingHomeAffordable.gov or www.HopeNow.com. For tips to avoid scams, visit www.LoanScamAlert.org.

For general information about this event, contact Omar Cortez at omar.cortez@hayward-ca.gov

Help for Homeowners
Saturday, Mar 10
10 a.m. - 3 p.m.
City Hall Rotunda
777 B Street, Hayward
omar.cortez@hayward-ca.gov

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