Ventura County Real Estate REcovery May begin Here and Now!
Chase opened its Camarillo Homeownership Center earlier this month. This center is intended to help homeowners struggling with their mortgage payments.
Borrowers facing foreclosure now have a place where they can meet advisors face to face.
The Camarillo center is a free resource for borrowers facing foreclosure. It's one of 16 Chase homeownership centers in California. Chase representatives have advised about 60,000 struggling borrowers since the centers began opening in 2009. Chase says it has prevented more than 625,000 foreclosures through modifications, forbearance, short sales and other programs and has offered 1.1 million loan modifications, with 350,000 completed since the start of 2009.
By the end of this year, Chase plans to have 18 such centers throughout California and 82 nationwide. The Camarillo center is the only one in Ventura County.
At the Chase homeownership centers, borrowers in trouble can meet with a Chase representative. Borrowers will be assigned a point-of-contact person who will work with them as they seek a loan modification or other help. People are advised to make an appointment, but walk-ins are welcome.
We want to make sure customers have an open dialogue with us. If they have lost their job and are a month out from falling behind, open that line and talk to us and see if we can work it out," Kishner said. Some borrowers who seek help will not qualify for a loan modification. If that's the case, Chase advisers will help to educate them about their options and help lessen the impact of a foreclosure.
Let the Ventura County Real Estate REcovery begin Here and Now!
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