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Thu, Nov 27, 2014

Avoid foreclosure through education

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Homeowners struggling with their mortgage payments are invited to attend a foreclosure prevention information session organized by Life of Victory International Christian Ministries.  

The event is scheduled to be held from 10 a.m. until 4 p.m. on Saturday at Life of Victory, located at 599 Waldron Road, Building B, in La Vergne.

According to a press release, the presentation will include individual meetings with foreclosure prevention counselors and will focus on the Hardest Hit Fund – a program designed to help unemployed

and substantially underemployed homeowners meet their mortgage obligations.

Homeowners must bring a copy of their driver’s license, verification of unemployment benefits, signed and dated tax returns for the past two years, mortgage note for first and second, validation of Social Security number, most recent 30 days’ pay stubs, and if applicable, most recent Social Security benefits awards letter.

Information tables will be available from Wells Fargo, Bank of America, Regions Bank and other housing support organizations, including Life of Victory Church.

“Foreclosure prevention is good for the owners and good for the community,” said Brenda Bryant, executive director of Life of Victory.

“No one knew when these homes were bought that the market was going to change so radically and people would be losing the income they planned to have,” she said. “Lenders have several options to assist homeowners.”

Tennessee was allocated $217 million by the federal government for the Hardest Hit Fund program, which is administered through state housing finance agencies.

Answering simple questions at KeepMyTNHome.org establishes eligibility. Tennessee Housing Development Agency is able to make mortgage payments for eligible homeowners through the U.S. Treasury program.  

For additional information about the event, contact Life of Victory at 615-213-1468.
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Business, Forclosures, Home Sales, La Vergne, Real Estate, RuCo
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