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Confidential help to
be offered at foreclosure prevention event
Milwaukee Mayor Tom Barrett,
Congresswoman Gwen Moore and the Metropolitan Milwaukee Fair Housing Council
encouraged anyone that is at risk of losing their home to foreclosure to attend
the confidential Milwaukee Foreclosure Prevention Event on August 6th.
“Losing your home through foreclosure is a horrible experience,” Mayor Barrett
said. “It’s important for people who face foreclosure to know that there are
individuals and agencies who have stepped forward to help.”
Congresswoman Moore agreed.
“We have people losing their homes and losing their sense of stability,” she
said. “We’ve got to do what we can to turn that around. Rather than watch more
foreclosure signs be plunked down on front yards in our neighborhoods, we need
to get the word out to Milwaukee residents to reach out for help to find their
way out of foreclosure. We can’t just stand idly by while families lose their
homes – we need to give homeowners the tools to find another solution. The
Milwaukee Foreclosure Prevention Event is free, and it will be a great way for
homeowners to get help and information from lenders and housing counselors so
that foreclosure is not their only option.”
“It is essential to get accurate and helpful information to homeowners who are
feeling the effects of the current housing market,” U.S. Senator Herb Kohl said.
“This free event brings together lenders and housing counselors to answer
questions on foreclosure prevention and offer guidance to those struggling to
pay their mortgages.”
The Milwaukee Foreclosure Prevention Event is scheduled for Thursday, Aug. 6th
from 2 to 8 p.m. at the Bruce Guadalupe School, 920 S. Ninth Street. The event
is free to the public and confidential. Representatives from different mortgage
lenders will attend the event to hold face-to-face meetings with people worried
about foreclosure. Nonprofit housing counselors will also attend to meet with
people and coach them on what to discuss with their lender. People attending the
event are asked to bring their loan number, most recent pay stubs and most
recent statement from their lender. Borrowers will be assisted on a first-come,
first-served basis.
To encourage those at risk to attend and to ensure that they receive
confidential help, the event is closed to the media.
The event is sponsored by the City of Milwaukee, coordinated by the Metropolitan
Milwaukee Fair Housing Council, and planned, promoted and implemented by
Congresswoman Moore, Senator Kohl, Senator Russ Feingold, WHEDA, the FDIC, the
Federal Reserve Bank of Chicago, Freddie Mac, the Helen Bader Foundation, the
United Way, HUD, Housing Resources, Inc., Select Milwaukee, ACORN Housing, HBC
Services, Ministry Enterprises, UEDA, Wells Fargo Bank, PNC Bank, Chase, US
Bank, Guaranty Bank, M&I Bank, and a number of other lenders and non-profit
organizations. Additional supporters include Marquette University and University
of Wisconsin-Extension.
To read more about what the City of Milwaukee and its partners are doing to
address the issue of foreclosure, please visit
www.milwaukeehousinghelp.org.
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