Loan Modification, Foreclosure Prevention and HUD Counseling Event in San Jose

I have been invited, along with some SCCAOR members, to help in the “Foreclosure Prevention and Rescue Fair” in San Jose on August 20, 2008.

[UPDATE]: Details for the event here

The “Foreclosure Prevention and Rescue Fair” is presented by the City of San Jose, the Department or Real Estate (DRE), local elected officials, several non-profit partners of “Don’t Borrow Trouble Silicon Valley” and The Santa Clara County Association of REALTORS® (SCCAOR).

The main goals for this foreclosure help fair is to assist troubled homeowners avoid foreclosure and keep their homes.

The services that will be provided at this event are:

On-site loan modification review by:
- Washington Mutual
- GMAC
- Countrywide
- Wells Fargo
- Wachovia
- And many other lenders and banks
One-on-One Foreclosure Counseling
Legal Assistance
Language Translation Services
And much more

Qualified borrowers will be able to work directly with their lenders to modify their loans and/or receive counseling from HUD certified counselors.

Please, be prepared and bring the following documents and information if you need assistance in modifying your loan and/or need counseling:

Original loan documents for all current loans
Current mortgage statements
Bank statements for the last two months
Pay stubs for the last two months
Tax returns for the last two years
Rental contracts/roommate agreement (if applicable)

Once you have collected all these documents it is important that you fill out this Intake Form (click here) and bring it to the event. DO NOT email it to me; I am not a HUD counselor. You need to bring the above listed documents and this form completely filled out for faster service.

This community event will be held free of charge at Independence High School located at 1776 Educational Park Drive, San Jose CA 95133 (Use the parking lot entrance on Jackson Ave) from 4pm to 8pm so dont be late.

View Larger Map

If you have any questions, please call Robert Lopez at 408-975-4402 or email at Robert.Lopez2(at)SanJoseCA.gov

In case you are wondering, what is in it for us REALTORS®? Absolutely nothing! I, along with other participating REALTORS®, will be there because we are conscious about the problems affecting our communities.

Comments

6 Responses to “Loan Modification, Foreclosure Prevention and HUD Counseling Event in San Jose”

Mortgage Rate Freeze Looks to Aid SOME Struggling Homeowners : San Jose-Santa Clara County Real Estate UNCENSORED on September 4th, 2008 9:59 am

[...] for a freeze but you are struggling with your loan or are facing foreclosure, you could have your loan modified on a case by case [...]
What is Wrong with Buying One Today and Losing One Tomorrow? : San Jose-Santa Clara County Real Estate UNCENSORED on September 4th, 2008 10:01 am

[...] don’t streamline their resolution process, they will end up loosing more money than accepting a loan modification or a short [...]
Project Lifeline Aims to Help SOME Homeowners Facing Foreclosure : San Jose-Santa Clara County Real Estate UNCENSORED on September 12th, 2008 2:19 pm

[...] prime loans and second liens. But as any other plan introduced, there are certain restrictions. Modifications to loans will be made on a case-by-case basis. It excludes vacant properties, investment properties and [...]
A Homeowner’s guide: Short Sales and preventing Foreclosure Pt2 (Alternatives to selling) : San Jose-Santa Clara County Real Estate UNCENSORED on September 12th, 2008 3:13 pm

[...] Modification: Your lender may modify your loan to a lower interest rate, extend your fixed rate period on your adjustable rate mortgage (ARM) or [...]
Felicia Newman on November 8th, 2008 3:10 am

Definitely an awesome event. Good for both borrowers and lenders to present borrowers an option for a loan modification.
Ney on December 16th, 2008 9:03 pm

Felicia,

This was definitely a great event for the community of San Jose.

You can view the new report on this event by following this link.

And as stated on the news report, the San Jose Housing Department is working on a second community event. It will take place sometime in the beginning of 2009. We are hoping that more lenders will get involved.