Atlanta—On Friday June 17th and Saturday June 18th, Rep. John Lewis invites constituents to participate in two full days of service for people who are struggling to pay their mortgages. At the Georgia International Convention Center in College Park, from 11 am to 7:30 Pm on Friday and 9 am to 3 pm on Saturday people can schedule appointments to sit down with lending institutions to discuss their mortgage and foreclosure problems.
Recent reports show that the mortgage crisis is slowing down some in the Atlanta area, nevertheless in this month alone over 7000 mortgages have slid into foreclosure, according to an Atlanta Journal Constitution report today. There will be about 21 lenders there representing about 80 percent of the mortgage market, so the likelihood is that your lender will be represented. Non-profit credit counselors will be there to offer guidance to people whose lenders are not present. Fannie Mae, Freddie Mac and U.S. Treasury Department will be there to discuss the White House options offered by the White House mortgage crisis program, entitled the Making Home Affordable program. This event represents a partnership between lenders and the federal government which engages mortgage industry solutions to the foreclosure crisis.
“Through this federal government and industry partnership, “said Rep. John Lewis, “people can see that the federal government is concerned about this crisis. The federal government cannot tell lenders how to engage in legitimate business practices, but we can leverage our influence with lenders to enlist their help in resolving these difficult mortgage/foreclosure problems on behalf of the citizens of this country. And that’s what this event represents. It is a meaningful opportunity for lenders and borrowers to sit down together and reason with each other to resolve their differences for the benefit of everyone involved.”
Participants should be aware that some problems may be too far gone to resolve, but many problems can be solved if lenders and families just sit down and try to work through the challenges. There are documents people should gather and bring with them to the event in order to work most effectively: Their most recent tax return with all the schedules and W-2s, two most recent bank statements, two most recent pay stubs as well as documents describing other income including alimony, a monthly mortgage statement, information about any other mortgages you may have, credit card monthly minimums and balances, estimates of monthly expenditures—profit and loss statements and business income statements, if applicable.
Communications Director for
The Honorable John Lewis
343 Cannon House Office Building
Washington, DC 20515
ph – 202-226-4673
fx – 202-225-0351