Homeowners in Connecticut will get a unique opportunity to get free foreclosure help for their underwater mortgages. State officials have organized a way to extend help to tens of thousands of homeowners nearing foreclosure. The convention will be held on Tuesday, November 15th at the Connecticut Convention Center, offering residents a chance to get help.
Helping Homeowners Help Themselves
It is a sight all too common among neighborhoods around the country. Home values plummet, homeowners experience financial hardships and can’t sell, and foreclosure signs are put up instead of For Sale signs. One state official recognizes the warning signs and has become a big advocate for finding a solution to local housing market troubles. Connecticut Attorney General George Jespen says, “There is no bigger issue in America today than restoring stability to our reason estate markets.”
Many lenders have created walk in clinics aimed at helping homeowners with mortgage modifications. However, the fact remains that consumers are still not getting the help they need. Residents are urged to attend the convention, where they can get help with developing foreclosure alternative plans, obtaining mortgage modifications and reviewing their mortgage debt options. Attorney General Jespen says the convention will house “mortgage counselors and probono attorneys,” to name a few.