Foreclosure Prevention Workshop Coming to Foxboro, MA

HOPE NOW Alliance and NeighborWorks America are organizing a Foreclosure Prevention Workshop at Gillette Stadium in Foxboro, MA on Tuesday, August 12^th, from 1pm to 8pm. The event is being hosted by the Federal Reserve Bank of Boston and the New England Patriots Charitable Foundation.

Homeowners who are at risk of losing their homes are being given a chance to meet  with their lenders face-to-face at the Patriot's Stadium and try and work out a solution to avoid foreclosure. To be able to try and work out a solution to foreclosure, be sure to bring evidence of income, expenses, and debts as well as your mortgage documents.

The lenders who will be attending this event include the following:

• Bank of America
• Chase
• Citigroup
• Countrywide
• EMC
• GMAC Rescap
• Home Loan Services
• HSBC
• Indy Mac
• Litton
• National City
• Option One/ American Home Mortgage
• Saxon
• SunTrust
• Washington Mutual
• Wells Fargo

For more information about this event, call toll-free 1-800-882-1600 or go online at www.theinformedhomebuyer.org.

In addition, a number of banks are reaching out to New England homeowners who have been or may soon be affected by the recent mortgage crisis. The banks' initiative, called the Mortgage Relief Fund, want to make it easier for homeowners who are paying high rates - and those who face a reset of an adjustable-rate loan - to refinance into a more affordable mortgage, to avoid becoming delinquent, and to avoid foreclosure.

For more information about the Mortgage Relief Fund, go to www.mortgagerelieffund.com.