Are you worried about losing your home to foreclosure?
Don’t Miss This Opportunity to Meet With Your Lender
Face-to-Face
It’s FREE!
Wednesday, November 4, 2009
2:00-8:00 pm
America’s Center
(Downtown Convention Center)
701 Convention Plaza
St. Louis MO 63101
Self-pay parking and entrance at 7th Street. Also accessible by Metrolink.
Opportunity to meet one-on-one with your lender and/or a non-profit housing counselor to discuss workout options to avoid foreclosure
- Information and assistance on homeownership preservation
- Please bring all necessary mortgage and financial documents, for a complete list go to: http://www.hopenow.com/upcoming-events.php or call the United Way helpline at 211 or 800-427-4626.
HOPE NOW is a partnership between lenders and non-profit housing counselors. Our mission is simple: we reach out to and attempt to assist homeowners who may be having difficulty paying their mortgages.
NeighborWorks® America creates opportunities for people to live in affordable homes, improve their lives and strengthen their communities.
For more information about the HOPE NOW Alliance visit www.hopenow.com
For more information about NeighborWorks® America visit www.nw.org
For more information about the foreclosure task force visit www.foreclosurehelpstl.org
FAQ for Save Your Home!, a foreclosure intervention event at
America’s Center, November 4, 2009:
Q: What is the Save Your Home! event?
A: Save Your Home! is an outreach effort by loan servicers, non-profit partners and local agencies to help homeowners meet face-to-face with their lender to find ways to avoidforeclosure.
Q: Who is sponsoring the event?
A: The event is sponsored by Hope Now and NeighborWorks America with support from local St. Louis partners including the Federal Reserve Bank of St. Louis, the Metro St. Louis Foreclosure Intervention Task Force, KETC Channel 9 and the United Way of St. Louis.
Q: What is Hope Now?
A: HOPE NOW is a partnership between lenders and non-profit housing counselors. Their mission is to reach out to and attempt to assist homeowners who may be having difficulty paying their mortgages.
Q: Who should come to the event?
A: Anyone who is behind on their mortgage payments or is afraid that they might get behind.
Q: Will my loan servicer (lender) be there?
A: Most of the major loan servicers will be there. We don’t have a final list of confirmed loan servicers; but if for some reason your loan servicer is not there, you will at least be able to get the loan workout process started with a non-profit housing counselor.
Q: What documents should I bring?
A: The appropriate paperwork and documentation will make the process flow easier and results faster. Information about the monthly gross (before tax) income and expenses for all the borrowers who signed your mortgage (for example spouse) is needed. These are documents that homeowners need to bring to the event.
- Most recent tax return with all the schedules and W-2s
- Two most recent bank statements
- Two most recent pay stubs (if you receive them) or documentation of your income you receive from other sources (e.g. alimony or child support)
- Monthly mortgage statement showing the mortgage servicer information and the mortgage loan account number
- Information about other mortgages on your home, if applicable
- Account balances and minimum monthly payments due on all your credit cards
- Account balances and monthly payments on your other debts (such as student loans and car loans)
- Estimates of monthly expenditures (such as utility bills, food expenses, insurance payments, medical bills)
Q: Where do I park?
A: Parking is available in many parking lots and garages around the convention center. The closest garage is at 7th and Convention Center Plaza. Cost is $1.00 per hour. Surface lot at same intersection is $5 per day.
Q: Can I get there on Metrolink?
A: Yes, get off at the Convention Center stop. The best entrance to the convention center is at 7th Street and Convention Plaza. You can also enter at Washington Street and Convention Plaza.
Q: Is this like other foreclosure prevention events held in St. Louis?
A: The event will be similar to other foreclosure prevention events in that mortgage servicers and non-profit counselors will be at the event to meet with homeowners, talk to them about their mortgage, and help them find solutions that may prevent foreclosure. There will also be information tables provided by other non-profit organizations that may be helpful to homeowners experiencing a financial crisis.
Q: If I started the mortgage work-out process with a non-profit organization and/or with my loan servicer, should I attend the event?
A: If you started the workout process, you should continue to work with your lender and/or your housing counselor. However, you might want to attend the Save Your Home! event if you have a sale date (after November 4th) or you are having trouble communicating with either the lender or your counselor.
Q: If I attend the event will I be guaranteed a workout agreement with my lender?
A: There are no guarantees but you will be able to meet with your loan servicer (lender) and/or a housing counselor to try to work something out.