Rep. John Lewis Invites Atlantans To Get Help With Mortgage/Foreclosure

By Special to the Daily World
On June 17 and 18, Rep. John Lewis is hosting 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 a.m. to 7:30 p.m. on Friday and 9 a.m. to 3 p.m. on Saturday, people can schedule appointments to sit down with lending institutions to discuss their mortgage and foreclosure problems.

“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.”

Recent  reports show that the mortgage crisis is slowing down some in the Atlanta area; nevertheless, in this month alone over 7,000 mortgages have slid into foreclosure, according to local newspaper reports.

There will be about 21 lenders there representing about 80 percent of the mortgage market.

Nonprofit 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 — 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.

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 orer 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, credit card monthly minimums and balances, estimates of monthly expenditures, profit and loss statements and business income statements, if applicable.

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