Due to large volume of requests by Cape Coral homeowners seeking information about a recent government order that will force lenders to make retribution for illegal foreclosures, the Neighborhood Community Foundation will sponsor the second Save Your Home: Foreclosure Prevention Workshop, taking place Tuesday, May 24, from 7-9 pm at the Hampton Inn and Suites 619 S.E. 47th Terrace, Cape Coral. The event is free, but advanced RSVP is requested by calling 877-306-5299.
"Our call center has been swamped with calls by Cape Coral homeowners that are anxious to gain clarity about the circumstances surrounding their foreclosure," said Jim Boyer, the organization's spokesperson.
In many instances, homeowners complained that they were seeking loan modifications but could not get the attention of their lender, according to a release from the organization. Others were desperate to understand complexities of the foreclosure process in order to prevent their eviction.
"We felt it was important to create a second workshop so that anyone facing immanent eviction could get the information they're seeking," Boyer stated. "The workshop presents viable alternatives to homeowners that may have reached a dead-end in dealing with their lender."
In April, the federal government ordered 16 of the nation's largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon. Citibank, Bank of America, JPMorgan Chase and Wells Fargo were among the firms cited in the joint report by the Federal Reserve, Office of Thrift Supervision and Office of the Comptroller of the Currency.
Government regulators also directed the financial firms to hire auditors to determine how many homeowners could have avoided foreclosure in 2009 and 2010.
During the upcoming foreclosure workshop, homeowners will learn how the recent government orders will impact them as well as the Florida laws that protect homeowners. In addition, homeowners will gain information about legal defenses used in contesting foreclosure in the Florida courts. All attendees will receive a free workbook highlighting local non-profit agencies that provide relief services.
Participating sponsors include Legal Aid, Boys and Girls Club, Goodwill Industries and more. The event is free and all information will be provided in both English and Spanish languages in efforts to include the growing concerns of Florida's Hispanic communities.
Topics covered in the free foreclosure prevention workshop include:
Securitization Where the problems began; Loan Review How to identify errors in your loan papers; Loan Modifications - Aggressive techniques in working with banks; Federal Foreclosure Programs HAMP and HAFA; Buying More Time in Your Home Steps to postpone your move; Protecting Against Foreclosure Predators; County Agency Resources; Potential Legal Defenses; Open Question and Answer Session
"We're finding that so many people just want to have a voice in dealing with their problem but communicating with lenders these days is virtually impossible." said Boyer, "In most cases, these are decent and hardworking people that just want terms that their family can afford to pay but unfortunately, the banks are turning a deaf ear. It's a total injustice on American homeowners."
About The Neighborhood Community Foundation
The Neighborhood Community Foundation is a non-profit organization that seeks to preserve and strengthen Florida communities by partnering with city leaders, attorneys and relief agencies in educating homeowners about foreclosure prevention.