April 19, 2009: Free Foreclosure Prevention Clinic in San Jose, CA
Please note that this entry will be updated as details unfold. This is the third clinic NaFFAA Region 8 is spearheading these foreclosure prevention clinics in collaboration with Mabuhay Alliance, an HUD-approved housing counseling agency. 
FOR APRIL 18, 2009
There will be a training of volunteer counselors who will be helping beleaguered homeowners in San Jose, California on Saturday, April 18, 2009. If you are interested in being trained as a volunteer counselor, please contact our NaFFAA Region 8 chair, Jose Pecho at JP8cho@aol.com.
FOR APRIL 19, 2009
The FREE foreclosure prevention clinic will be a collaboration with 4C (Community Child Care Council of Santa Clara County, Inc.)
The activities for April 19, 2009 will be held at the Offices of 4C Council: 2515 North First Street, San Jose, CA 95131
Get map and driving directions here.
Schedule:
4C Parents & Child Care Providers: 8:30 am to 12:30 noon
General Public (Homeowners): 1:00 pm to 7:00 pm
IF YOU ARE A HOMEOWNER AND ARE INTERESTED IN COMING TO THE SAN JOSE FORECLOSURE PREVENTION CLINIC, PLEASE PRE-REGISTER BY APRIL 10, 2009.
There are three ways to register.
1. Click here to register.
The registration form will have the following introduction:
Thank you for your interest in using Mabuhay Alliance to assist you with your mortgage. In order to serve you better we are asking that you fill out the form as completely as you can. When you arrive at the clinic, our counselors will have the information they need to give you options for your unique situation.
OR
2. Call (408) 487-0747, extension 384.
OR
3. E-mail: 4closure@4c.org
THE INVITATION
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San Jose Foreclosure Prevention Clinic - April 19, 2009
Watch out for more details!
PRESS RELEASE
April 16, 2009
Sunday April 19th
To help our community homeowners, there will be a Foreclosure Prevention Clinic this Sunday in San Jose. This Free clinic will provide workshops and be able to meet with housing counselors, some lenders, lawyers, debt settlement and credit repair specialists, and tax advisors. This is open to the entire community.
Previous clinics have provided much-needed information and relief for homeowners who simply don’t know what to do, where to go, or what are their options. Whether you are in the foreclosure process, are concerned about being able to keep your home, have credit problems, or just want to know what is possible, please join us on Sunday.
What: Foreclosure Prevention Clinic
When: Sunday, April 19th, 9am to 6pm
Who: Community Child Care Council of Santa Clara County
in conjunction with NaFFAA
and Mabuhay Alliance (HUD-approved counseling agency)
Where: Offices of 4C Council (Community Child Care Council of Santa Clara County)
2515 North First Street
San Jose, CA 95131
To Register: 408.487.0747 ext. 384
4closure@4c. org
www.mabuhayalliance .org/sanjose
What to bring:
In order to assist you with your request for a loan modification and/or a workout resolution with your Lender(s), please bring the following documents with you:
1. Personal Financial Statement * Please complete, sign and date.
2. Monthly Budget *
* Forms are available at 4C Council offices and also at www.4c.org (under Calendar of Events)
3. Reason for Hardship letter: Please provide details of the reason of your current financial hardship, its expected duration and the financial resources with which you will manage your debt going forward.
4. If you are a SALARIED EMPLOYEE, please provide the following:
a. Copy of your most recent W2(s) & Personal Tax Return (1040’s)
b. Copy of your most recent pay-stub(s) - One month’s worth
5. If you are SELF-EMPLOYED, please provide the following, if applicable:
a. Signed and dated copy of your most recent Personal Tax Return (1040’s), including all schedules
b. Signed and dated copy of your most recent Corporate Tax Return, including all schedules
c. Signed and dated copy of year-to-date Profit & Loss Statement and most recent month-end
and quarter-end Balance Sheet
6. Copies of recent statements and payment notices for:
- All bank accounts (checking, savings, IRAs, CDs, Money Market, etc.)
- Retirement accounts (401k, SEP IRA, etc.)
- Promissory Note(s), including a copy of the original Promissory Note(s)
- Home Owners Association (HOA), if applicable
- Property Tax Bill
- Insurance Statements (Homeowners, Fire, etc.)
7. Copies of any legal documents or correspondence from your lender that you have received (Notice of Default, Notice of Trustee’s Sale, etc.).
Best regards,
Baylan Megino
INFORMATION YOU CAN USE
March 6, 2009
Sonia Delen, a Senior Vice President at Bank of America, posted a note for her Facebook friends. We are sharing the information Sonia sent us. (Thank you, Sonia!)
HOME AFFORDABLE REFINANCE AND MODIFICATION PROGRAM
Here are some links to the most recently released Home affordable refinance and modification program. It provides tools and instructions on how to take advantage of it. Hope it helps!
FinancialStability.gov - Learn About the Making Home Affordable Refinance and Modification Options
http://www.financialstability.gov/makinghomeaffordable/index.html
US Department of the Treasury - Making Home Affordable: Summary of Guidelines
http://www.treas.gov/press/releases/reports/guidelines_summary.pdf
US Department of the Treasury - Home Affordable Modification Program Guidelines (March 4, 2009)
http://www.treas.gov/press/releases/reports/modification_program_guidelines.pdf
H.R. 1106: Helping Families Save Their Homes Act of 2009
http://www.govtrack.us/congress/bill.xpd?bill=h111-1106 (Thank you to Francis Neri for showing us the way to Govtrack.us on Facebook.
March 13, 2009
Contributed by Baylan Megino
From: National CAPACD, nationalcapacd@mail.democracyinaction.org
Subject: ACTION ALERT: Support Helping Families Save Their Homes Act
To: baylanm@whitelightassociates.com
Date: Friday, March 13, 2009, 8:00 AM
Dear Baylan,
In the next few days the Senate is likely to consider S. 61, the Helping Families Save Their Homes in Bankruptcy Act of 2009, that will provide essential support for President Obama’s foreclosure prevention plan. The plan, approved last week by the House of Representatives, would provide critical changes to a flawed process that desperately needs reform.
Take action to support the passage of S. 61 TODAY!
Today, most homeowners have few viable options if they are unable to keep up with loan payments. While a few lenders have improved their track record in modifying unaffordable loan terms, most homeowners seeking relief only encounter frustrating delays and rejection by loan servicers. Many homeowners are only offered ‘relief’ that only postpones onerous payments. A national study recently found that a majority of homeowners who obtained relief from lenders a year ago are today again behind in payments.
The Senate version of the bill, S.61, would create critical new tools for homeowners and foreclosure counselors to obtain meaningful relief. These include:
* National standards to make loans affordable. While these standards would be mandatory only for federally regulated loans (including those held by Fannie and Freddie Mac), incentives are offered for private lenders to adopt similar standards.
* Incentives to loan servicers to negotiate loan modifications and to keep families in their homes.
* In limited circumstances, relief through bankruptcy court if lenders are unwilling to adjust loans to reflect actual market values of homes.
The bill will not prevent all foreclosures. It will only assist those with sufficient income to continue to pay under a modified loan payment schedule. There are other limitations on value of the homes covered. And the plight of tenants is not addressed in the bill.
But with this legislation National CAPACD’s counseling organizations will have a much more effective set of tools to help the many families who are desperate for relief and who only need an opportunity to renegotiate loans on terms that are fair. This is relief that they need now.
Take action to support the passage of S. 61 TODAY!
If you have any questions, please give CAPACD staff a call at 202-223-2442 or send us an e-mail at info@nationalcapacd.org
Sincerely,
The National CAPACD Team
For a clear explanation of the President’s plan appropriate for people who need help click here.
For a more technical discussion of the elements of the plan click here.