Foreclosure prevention seminar in Plano equipped people with information
Washington,
May 19 -
This past weekend U.S. Congressman Sam Johnson (3rd Dist-Texas) hosted a free foreclosure prevention and homeownership promotion seminar in Plano.
Joined by housing experts and credit counselors, Johnson empathized with many constituents facing foreclosure and advised attendees that most banks want people to stay in their homes.
“People may face foreclosure for many reasons, for example, extreme changes in life situations — death of a breadwinner, divorce, a job loss, a prolonged illness — or because they must immediately relocate,” continued Johnson. “Banks don’t want your home. If homeowners get behind on payments, lenders likely will work with them to bring the loan current. The earlier you work with the lender, the better.”
Johnson arranged for a stellar lineup of professionals in many sectors of the housing and credit industry to educate constituents on foreclosure prevention and the prospects of homeownership.
Speakers included: Celine Thomasson from NeighborWorks, a national nonprofit organization created by Congress to provide financial support, technical assistance, and training for community-based revitalization efforts; Todd Mark from Consumer Credit Counseling of Greater Dallas; and Bob Cook from the Housing and Urban Development Office in Dallas.
Participants distributing information at the seminar included: Joan Albright, Servicing Specialist Lead at Freddie Mac; Gary Neuman, Homeownership Preservation Foundation (HOPE) Director, GMAC Residential Capital, a real estate finance company; and Maxine Sweet, Vice President of Public Education at Experian, a credit reporting bureau.
Credit counselors providing one-on-one assistance to attendees included: Todd Mark, Vice President of Education Consumer Credit Counseling Greater Dallas; and Kalisha Keeling and Soneakqua White with the Jordan Community Development Corporation.
“The prospect of losing your home can be down right frightening. I hope that folks left the foreclosure prevention seminar armed with information and optimistic about the future,” said Johnson.
“I want to thank the excellent line up of community advocates and financial experts who helped make this event a success,” concluded Johnson.
Johnson represents portions of Dallas and Collin Counties.
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