Foreclosure prevention clinics are free and provide local residents with options to avoid foreclosure and stay in their homes
LOS ANGELES, CA – November 14, 2009 – (RealEstateRama) — Mayor Antonio Villaraigosa today announced two foreclosure counseling clinics in South Los Angeles and the San Fernando Valley this Saturday, November 14, 2009. The free clinics are designed to educate the public about the foreclosure process, distribute information about foreclosure prevention, and present residents with options to modify loans and keep their homes.
“Our households have been left reeling by a foreclosure crisis of unprecedented scope and homeowners living in fear of losing their homes should know that there are free services available to help,” Mayor Villaraigosa said. “These foreclosure clinics are free resources for thousands of Angelenos who are seeking help and I encourage those in need to attend.”
The free homeownership and foreclosure prevention fairs will be held at the following locations, tomorrow Saturday November 14, 2009:
Mark-Ridley Thomas Constituent Service Center
10:00 AM – 2:00 PM
8475 S. Vermont Ave.
Los Angeles, CA 90044
Panorama High School
9:00 AM – 3:00 PM
8015 Van Nuys Blvd.
Panorama City, CA 91402
Working with the local community, LA Neighborhood Housing Services (LANHS), the Community Development Department (CDD) and the City’s WorkSource Center System, the Mayor’s Office developed a program to offer counseling services and foreclosure prevention resources to local families at-risk of losing their homes.
Topics covered in these sessions include the foreclosure timeline, homeowner rights and responsibilities, foreclosure prevention options, and transition strategies. After reviewing the information provided by residents, counselors can determine the options available to the homeowner, including ways to enhance affordability and alter their mortgages and loan payments.
The Los Angeles Foreclosure Response Network
The Los Angeles Foreclosure Response Network is a partnership between the Mayor’s Office, LANHS, CDD and the City WorkSource Centers. As the foreclosure crisis continues to grow, this network brings foreclosure prevention resources to six WorkSource Centers – strategically-located in or near those communities hardest hit by the wave of foreclosures sweeping the nation.
LA NHS and its coalition partners with the Los Angeles County NeighborWorks® Center for Foreclosure Solutions help families with loan modifications at no charge. Distressed homeowners can receive services such as loan modifications, legal assistance related to foreclosure fraud and help with relocation.
About Los Angeles Neighborhood Housing Services
Over the last 25 years, LA NHS has reinvested more than $2 billion into neighborhoods throughout the county. As a part of this work, it has developed and rehabilitated more than 11,000 housing and commercial units, put 1.9 million families on the road to homeownership, created 175 block clubs, and employed 200 neighborhood youth. As a lender to these underserved communities, LA NHS has maintained a loan portfolio with a 3% or less delinquency ratio and no foreclosures. 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.