You don't have to be behind in your mortgage payments to attend the free HOPE Now workshop at the Sacramento Convention Center on Thursday. Everybody is welcome to attend. On the verge of default or a notice of default already filed? Doesn't matter. Just come. You can meet with your lender to discuss a loan modification and get an answer right then and there. At least 19 lenders will be present at the workshop, which is sponsored by NeighborhoodWorks America and Gov. Schwarzenegger's 90 Days of Hope task force.
This is an excellent opportunity to meet face-to-face with your lender. No more sitting on hold or being transferred to the wrong department. Just come on down and bring the following paperwork with you:
- Recent payroll stubs and last year's tax return
- Financial statement (reflecting assets and liabilities)
- Monthly budget
- Copy of your mortgage statement
You might qualify to get your mortgage payment reduced to 38% of your gross monthly income, which may involve lowering the interest rate, extending the term of your loan and / or forgiving a principal portion of your loan, among a combination of other options.
The Sacramento Convention Center is located at 1400 J Street. The free event is held from 3 PM to 9 PM on Thursday, December 4th. Even if you have to get out of work early to attend the HOPE Now workshop, it may be worth it to you to take advantage of this opportunity. Lenders are eager to workout loan modifications right now.
The Short Sale, by Elizabeth Weintraub, coming from Archer Ellison in January 2009.
Photo: Big Stock Photo
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Certified HAFA Specialist
My Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available at Amazon.com.
Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.
The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate.
Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice. It could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.
The convention center location speaks volumes about the size of the problem....it's time for the face to face meetings.
Elizabeth
There you go again always putting others first. People know when they work with you that they are getting the best!
Sincerely
Tom Braatz
Elizabeth: Outstanding localism post! I wish there was something like this happening in my area. I think I'll go do some snooping.
Thanks for posting Elizabeth - I will alert a number of people I'm concerned about!
Elizabeth, loan modifications are the new buzz phrase on the consumer side as is Bailout on the company side. Hope this event Thursday helps out many!
Elizabeth, this sounds like a great idea. I wonder if our area has such a program? I'll have to check around and then share. ;-)
Would like to see this in every major city facing the largest amount of foreclosures.
I just don't want to see people taken advantage of in their time of need.
The HOPE Now workshop is traveling around the country, so for those of you in other parts of the United States, you may also have the opportunity to get in on this. For example, here is the next workshop:
Los Angeles, CA
Saturday, December 6, 2008
9:00 AM to 4:00 PM
Crenshaw Christian Center
7901 South Vermont Ave.
Los Angeles, CA 90044
Just go to HOPE Now dot com and click on "homeowner events." There is also a link for sponsoring an event.