Seeking Mortgage Help, Hope: Housing Experts Say Homeowners Need Not Face Prospect Of Foreclosure Alone
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foreclosures, Mortgage News March 31st, 2008WATERBURY, Mar 30, 2008 (The Hartford Courant - McClatchy-Tribune Information Services via COMTEX) — – — Like a lot of people in the room Saturday, Russ is in a bind that has do with his house.
He can’t make the mortgage payments anymore. He’s lost his job and burned through his savings. He’s found a new job, but it pays a lot less than the old one — $37,000 a year instead of $55,000. Russ, who asked to keep his last name private, said he’s 57 years old, eight months in arrears and getting scary letters from his lender.
So on a sunny afternoon in early spring, he and about 60 others showed up at the Waterbury Arts Magnet School to learn whether there’s hope and where to look for help.
“Now is the time for that,” he said.
The day’s message, delivered by a panel of housing experts convened by U.S. Rep. Chris Murphy, D-5th District, was that Connecticut homeowners don’t need to face foreclosure, or the prospect of it, alone.
“Think of us as the first place to call,” said Sharon McLaughlin Gowen, homeownership program coordinator of Neighborhood Housing Services of Waterbury, a nonprofit housing advocate.
State and federal agencies, including the Connecticut Housing Finance Authority and local offices of the federal Department of Housing and Urban Development can also provide guidance, said panelists, including representatives of those agencies.
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Tags: foreclosures, Mortgage News
