Helping Families Get and Keep Their Home for the Holidays
The Center for Foreclosure Solutions, Senator Roderick Wright, Assembly Member Mike Davis and Inglewood Mayor Danny
Tabor team up with 11 of the Top Lenders to Help Families Own and Keep their Home
Los Angeles, CA – November 24, 2010 – (RealEstateRama) — The Los Angeles County NeighborWorks® Center for Foreclosure Solutions (CFS) coalition has been helping families facing foreclosure since the beginning of the mortgage crisis. As families head into the holidays, the significance of having a home in which to share holiday dinners with family is more important than other times in the year. As joblessness in Los Angeles remains historically high helping families to stay in their home is critical this holiday season.
During the past two years, families in Los Angeles County lost their home to foreclosure every 15 to 18 minutes. We are seeing a similar trend as we enter the middle of the fourth quarter of 2010. Dataquick Information Systems reports 23,223 families have already lost their home to foreclosure in 2010[1]. As the foreclosure crisis continues, our coalition is in the unique position to HELP families facing foreclosure and provide HOPE for families who dream of buying a home. We understand a home is not merely shelter; it is a vehicle through which families educate children, contribute to the community and build generational wealth. Our upcoming Help & Hope Fair serves the dual purpose to help families avoid foreclosure and provide hope to families who dream of purchasing a home now that affordable homes are available.
Los Angeles Neighborhood Housing Services (LA NHS) is sponsoring the Help & Hope Fair in partnership with the Federal Home Loan Bank of San Francisco, City of Inglewood, Keep Your Home Foundation, The CALIFORNIA ASSOCIATION OF REALTORS®, Bet Tzedek, Legal Aid Foundation-Los Angeles, Asian Pacific American Legal Center and Public Counsel.
The Details
Where: The Tabernacle, 321 N. Eucalyptus Ave., Inglewood, CA 90302
When: Saturday, December 4, 2010 – 9:AM – 2:PM – Arrive early to avoid a long wait.
What: HUD certified housing agencies, lenders/servicers and attorneys with information on foreclosure prevention and the home-buying process, including down payment assistance programs. American Home Mortgage Finance, Bank of America, Carrington, CitiMortgage, Fannie Mae, Freddie Mac, GMAC, HSBC , JP Morgan Chase, OneWest Bank, PNC Mortgage, Saxon and US Bank will be onsite working to help families.
About Los Angeles Neighborhood Housing Services
In the last 26 years, LA NHS has reinvested more than $2.2 billion into neighborhoods throughout the county. As a part of our work, we have developed and rehabilitated more than 12,200 housing and commercial units, put 2.1 million families on the road to homeownership, created 175 block clubs, and employed 200 neighborhood youth. As a lender to underserved communities, we have maintained a loan portfolio with a 5% or less delinquency ratio and no foreclosures since inception. In 2007, LA NHS established the Los Angeles County NeighborWorks® Center for Foreclosure Solutions to address the foreclosure issue. LA NHS is the largest, non-profit, affordable homeownership provider in Southern California.
Contact:
Lorena Rodriguez
Los Angeles Neighborhood Housing Services
3926 Wilshire Boulevard, Suite 200
Los Angeles, CA 90010
tel: 213.381.2862 ext: 218 fax: 213.381.2666
emails: lrodriguez (at) lanhs (dot) org web: www.lanhs.org
