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Help for Sacramento homeowners facing foreclosure

KRISTEN: A LIVE LOOK AT THE STATE CAPITAL — THE TIME RIGHT NOW IS 9:24. IT IS THE AMERICAN DREAM FOR SO MANY PEOPLE, BUT HOMEOWNERSHIP CAN SEEM COMPLICATED AND UNATTAINABLE. THIS WEEKEND, THERE IS AN EVENT AT THE SACRAMENTO CONVENTION AND ARE FOCUSED ON MAKING THE DREAM OF HOMEOWNERSHIP A REALITY. LET’S GO LIVE TO THE CONVENTION CENTER . WHAT IS THAT? IS THE NATION’S LARGEST HOME COUNSELING AND ADVOCACY ASSOCIATION. WE ARE A NONPROFIT ORGANIZATION AND OUR FIRST AND FOREMOST RESPONSIBILITY IS ADVOCATING FOR AMERICAN HOMEOWNERS. WE’VE DONE 160 OF THESE EVENTS ACROSS THE COUNTRY WERE ALL OF THESE SERVICES ARE FREE OF CHARGE. STRUGGLING HOMEOWNERS WHO CANNOT AFFORD THAT MORTGAGE CAN COME HERE AND GET HELP ON THE SPOT. KRISTEN: A LOT OF PEOPLE ARE DEALING WITH BAD CREDIT AND THERE’S A MYTH THAT IF YOU HAVE BAD CREDIT THERE ARE A LOT OF THESE, BUT YOU SAY THAT IS A MYTH? THAT IS A MYTH. THERE IS A FIXED, BELOW MARKET INTEREST RATE WITH NO CLOSING COST THAN 100% FINANCING. YOU DON’T HAVE TO HAVE PERFECT CREDIT. KRISTEN: FOR PEOPLE WHO COME TO THE CONVENTION CENTER, WHAT ARE YOU DOING OUT THERE? WE ARE HELPING PEOPLE WHO HAVE UNAFFORDABLE MORTGAGES GET THE MORTGAGE AND KEEP THEIR HOME. THERE ARE A MILLION HOMES THAT ARE IN SOME STATE OF FOR CLOSURE AND ALMOST 7 MILLION MORE ARE IN DANGER OF GOING THAT WAY. WE KNOW THERE ARE A LOT OF PEOPLE IN THE SACRAMENTO THAT NEED HELP WITH THEIR MORTGAGE, SO THAT IS WHY WE ARE HERE. WE HAVE THE MAJOR LENDERS HERE, BANK OF AMERICA, CHASE — THEY ARE ALL HERE, PLUS THE BIG INVESTORS, FANNIE MAE AND FREDDIE MAC. THEY ARE HERE TO HELP PEOPLE GET THE SOLUTIONS THEY NEED TO SAVE THEIR HOMES. KRISTEN: WHAT SHOULD PEOPLE BRING WITH THEM IF THEY ARE COMING THIS MORNING? GO TO OUR WEBSITE AND CLICK ON SACRAMENTO. THAT WILL TAKE YOU TO A PAGE WHERE YOU CAN REGISTER FOR THE EVENT ANNUAL GAY FULL LIST OF DOCUMENTS.

Article source: http://www.kcra.com/news/help-for-sacramento-homeowners-facing-foreclosure/35004220

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