Foreclosure Help – Preserving Our Community

Save April 23, 2009 on your calendar for foreclosure help. Keep reading for the details:

In last week’s press conference, San Jose City Mayor Chuck Reed along with San Jose Director of Housing Leslye Krutko and several members of the “Foreclosure Help – Preserving Our Community” program presented to the public and the media a plan designed to tackle the foreclosure problems the city of San Jose is facing.

The plan presented yesterday will tackle the foreclosure problem in several different ways. “At this point we have $4.1 million in federal stimulus monies that’s available for rental assistance and case management to people being displaced from their homes due to foreclosure,” San Jose Director of Housing Leslye Krutko said.

The city of San Jose is also getting $5.6 million from the Housing and Economic Recovery Act signed last year to buy up blighted foreclosed properties. Blighted properties have a detrimental effect on the values of the surrounding properties and neighborhoods.

“Some of them are in just bad, bad condition and we may need to buy them, tear them down, and then it would be a place for an affordable housing project perhaps or some sort of replacement housing like Habitat for Humanity,” Mayor Huck Reed said.

The funds received will help the city deal with the problems after the fact of a foreclosure.

As a preventive measure, the “Foreclosure Help – Preserving Our Community” program will hold a foreclosure help workshop on April 23, 2009 from 12pm to 5pm at the Santa Clara County Fairgrounds.

Members of the “Foreclosure Help” program include non-profit partners, members and volunteers of Don’t Borrow Trouble Silicon Valley, Santa Clara County Association of Realtor (SCCAOR), California Association of Mortgage Brokers (CAMB), City of San Jose, and Department of Real Estate (DRE).

At the foreclosure help workshop in San Jose qualified borrowers will have the opportunity to work directly with certified HUD counselors and lenders to modify their loans or receive counseling.

As you may remember, towards the end of last year, the first “Foreclosure Prevention Fair” was held in San Jose and it was a success with homeowners receiving loan modification at the event. This year, we expect the event to reach even more homeowners who are looking to modify their loans and receive counseling.

As always, the main focus of this event is to help the community; therefore, business promoting will not be permitted. At last year’s event we had an unscrupulous loan modification company pass around flyers in the parking lot. This year we will have added security for this type of solicitors. Additionally, the public is warned not to accept any type of solicitation for a loan modification that is not provided by a HUD approved counseling agency at this event.

Although this “Foreclosure Help Workshop” will be held in San Jose, borrowers from other surrounding cities of the Bay Area are more than welcome to attend.

Finally, a one-stop resource and help center will be opened in the near future at the Work2Future facility located at 1290 Parkmoor Ave in San Jose for on-going support of the community.

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One Response to “Foreclosure Help – Preserving Our Community”

Back For The Second Time in One Year: Foreclosure Help Resource Fair : San Jose-Santa Clara County Real Estate UNCENSORED on October 17th, 2009 7:31 PM

[...] the Foreclosure Help group has previously held these foreclosure resource fairs (here, and here) with great success. At the previous events, homeowners were able to receiving loan modification [...]

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