State Legislator
supports prevention workshop for area residents
STATEHOUSE (Aug. 25, 2010)
- Foreclosures are still a major concern for many homeowners and
neighborhoods across Indiana with lenders taking action against another
4,876 borrowers in July, state figures showed.
Sen. Vaneta Becker (R-Evansville)
says the best way to solve the foreclosure problem - financially and
emotionally - is to prevent it before it occurs. Becker encourages
struggling homeowners to take advantage of workshops hosted by Indiana's
Foreclosure Prevention Network.
On Wednesday, Sept. 1, from 3 p.m. to
8 p.m., the Network will host events statewide informing borrowers of ways to
work with lenders to avoid foreclosure. To make these opportunities more
accessible to more Hoosiers, the Indiana National Guard is opening its
doors and co-hosting the events. Here locally, the Network will be
on-hand to offer assistance at the Evansville National Guard Armory,
3300 E. Division St.
"This borrower outreach event is an
excellent opportunity for all Hoosiers to learn how to prevent
foreclosure during these tough economic times," Becker said. "It's
important to note foreclosures don't just hurt the homeowners involved;
they can hurt entire neighborhoods and, furthermore, entire communities.
Foreclosures can negatively affect property values as well as tax
revenues for government services."
In July, one in every 802 houses in
Vanderburgh County as well as one in every 982 houses in Warrick County received a foreclosure filing.
Indiana's overall average for this past month was one in every 573
houses.
"With the event taking place in the
evening and at a local spot, it's a good opportunity for Hoosiers who
are struggling financially to learn how to avoid foreclosures and how to
work with lenders," Becker said. "The workshop is free, no registration
is required and counselors and specialists will be available to answer
any questions."
To ensure borrowers make the most of the workshop, Becker suggests
they bring copies of the following:
A monthly mortgage statement;
Information about any second mortgages, if applicable;
Two most recent pay stubs, documentation of income received from
other sources or the most recent quarterly profit and loss statement
if self-employed;
Two most recent bank statements;
Account balances and monthly payments for credit cards and other
debts;
Utility bill in mortgagee's name showing current address; and
Estimates of other monthly expenditures including utilities,
insurance and medical bills.
The Indiana
Foreclosure Prevention Network is a coalition of community service
organizations, government agencies, lenders, realtors and trade
associations with the common goal of helping Hoosiers address Indiana's
foreclosure crisis. To learn more information about this specific event,
please visit
www.877gethope.org.
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