Florida Homeowners Urged to Attend Foreclosure Workshop

by Simon Lindsay on States

Since Florida is among the states hit hardest by the foreclosure crisis, it can be expected that many housing advocacy groups would like to provide assistance to the thousands of troubled homeowners. One such assistance is provided in the form of a foreclosure prevention workshop scheduled at the New Covenant Baptist Church, located in Orlando.

The said foreclosure prevention workshop was organized by ACORN, in partnership with the Community Legal Services of Mid-Florida. The workshop will be held this Saturday (September 20) from 10 in the morning to 3 in the afternoon.

For those of you who are interested in attending this foreclosure prevention workshop, you can expect the discussion of possible options that distressed homeowners can explore in order to avoid foreclosure. These options include refinancing, loan modification and even short sale. There are also advices that will be given out to tenants who are also at risk of losing their home because of foreclosure.

With ACORN leading the workshop, homeowners can be assured of practical suggestions and realistic recommendations. The housing counseling group is actually certified by HUD and has partnered with Bank of America and other mortgage lenders in order to provide help to troubled borrowers.

As always, homeowners struggling with their mortgage payments are urged to seek help so that they could termine a suitadeble solution for their financial problem. If speaking with your lenders about your mortgage problems is quite frustrating, there are foreclosure counselors who can lend a helping hand.

Nationwide, the number of homes that entered some stage of foreclosure in August has actually increased by 27 percent compared to last year. Experts are expecting more homeowners losing their homes to foreclosure by the end of the year considering the recent events in Wall Street.

Some analysts were even hoping for the mortgage crisis to bottom out by the end of the year. But with the economic conditions, this seems unlikely.

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