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News Release


FOR IMMEDIATE RELEASE: Tuesday, July 21, 2009

Foreclosure prevention event on July 24

Seattle's Office of Housing and Human Services Department, along with federal, state and local nonprofit agencies, will host a free foreclosure prevention event Friday, July 24, 11 a.m. to 7 p.m. at Seattle's Cleveland High School, 5511 15th Ave. S.  
 
Homeowners will have the opportunity to meet one-on-one with U.S. Housing and Urban Development (HUD)-certified mortgage counselors and learn about loan modification and refinancing options to lower their monthly mortgage payments. Residents who cannot attend this event, but want to talk to a mortgage counselor can consult ARCH (A Regional Coalition for Housing).

Wells Fargo, Chase/WaMU, Ocwen, Freddie Mac, American Home Mortgage and other lenders also will be at the Friday event to meet one-on-one with their borrowers and work out mortgage modifications. In addition, there will be workshops on the foreclosure process, avoiding foreclosure scams, improving your credit and budgeting. Translators will be available.
 
Event sponsors include the Federal Reserve Bank of San Francisco (Seattle branch), HUD, the Federal Deposit Insurance Corporation, the state Department of Financial Institutions, the Seattle-King County Asset-Building Collaborative, and the Urban League of Metropolitan Seattle.
 
Call the Urban League at 1-800-368-1455 for more information and to register for any of the events. Walk-ins welcome! The Seattle Office of Housing offers more information. Fliers are available in English, Chinese, Russian, Spanish and Vietnamese.

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