Labor Department Partners with Non-Profits to Help Struggling Homeowners

MAJOR MORTGAGE SERVICES AND NON-PROFIT COUNSELORS OFFER DAY OF FACE-TO-FACE ASSISTANCE

NASHVILLE – The Tennessee Department of Labor and Workforce Development is partnering with the Making Home Affordable Program and HOPE NOW to allow homeowners struggling with their mortgage payments the opportunity to learn about possible alternatives to foreclosure.

The free event brings the nation’s largest mortgage servicers, along with several non-profit housing counseling organizations, to downtown Nashville on Wednesday, October 24, at the Nashville Convention Center from 1:00pm to 8:00pm. Free parking will be available for all attendees at the Library Garage on 151 6^th Avenue North.

“Labor is proud to partner with these non-profit organizations to offer assistance to those who are at risk of losing their homes,” said Labor Commissioner Karla Davis. “This event is really about understanding your options, and finding ways to bring financial stability back into your life.”

Homeowners are encouraged to bring all mortgage documents, income documents, and hardship letters. A full list of the necessary documents can be found at www.MakingHomeAffordable.gov and www.HOPENOW.com.

“There are thousands of Tennessee families struggling with their mortgage payments, due to unemployment, under employment, medical hardship or other financial issues, and I encourage all of them to attend this free event. Attendees will get good objective advice, and may even go home with an affordable solution that helps them stay in their home for the long term,” said Faith Schwartz, Executive Director of HOPE NOW.

Many of the largest mortgage companies are scheduled to be in attendance including Bank of America,Chase, Citi Mortgage, GMAC Mortgage, Homeward Residential (formerly American Home Mortgage Servicing, Inc.), HSBC, Nation Star, Ocwen, One West, PNC, Select Portfolio Servicing, Seterus, SunTrust, US Bank, and Wells Fargo.

Additionally, there will be several non-profit housing counselors from local organizations and representatives from other mortgage market participants. Representatives from Keep My Tennessee Home, funded by Treasury’s Hardest Hit Fund, will also be available to meet with homeowners.

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