N.O.A.H Foundation to have a presence at the Orlando Foreclosures Expo

Jan. 17, 2009 - PRLog -- N.O.A.H Foundation to have a presence
at the Orlando Foreclosures Expo

An Orlando-based nonprofit organization, the National Opportunities for Affordable Housing Foundation helps homeowners avoid foreclosure

Orlando – When Phil Peachey created the first-of-its-kind Orlando Foreclosures Expo, he envisioned an event that would not only bring investors, bankers and real estate professionals who deal with foreclosures under one roof, but also serve as a resourceful forum for homeowners in danger of foreclosure. To facilitate that objective, he has donated booth space to the National Opportunities for Affordable Housing Foundation (N.O.A.H.)

When the Orlando-based nonprofit organization was started in 2001, it focused on helping home buyers find down payment assistance programs. That is still an integral part of the organization’s mission, but now it is helping homeowners who are struggling either remain in their home or sell so they can preserve their credit and be in position to buy again in the short term.

“We are helping homeowners who are in pre-foreclosure liquidate home through short sale process by negotiating on their behalf with lenders so the homeowners do not end up with a foreclosure on their credit report that will make it challenging for them to buy another home for several years,” said Chuck Mahoney, who is president and founder of N.O.A.H (www.noah-dpa.org). “We have a line of credit we tap into that allows us to buy the home and hold it, or purchase the home and sell it immediately to a homebuyer.

“It is our intention to do all we can to help this real estate market recover by preventing foreclosures,” Mahoney added. “We also continue to help homeowners get down payment assistance so they can achieve their dream of home ownership.”

When the inaugural Expo (www.foreclosuresexpo.com) is held at the International Plaza Resort & Spa in Orlando on February 7-8, it will serve as a place where everyone from real estate agents and brokers, real estate attorneys and REO department representatives from banks to lenders, investors, wholesalers, builders and others in the foreclosure industry can gather under one roof to exchange ideas, offer guidance and conduct business.

The Expo will also serve as a resource for homeowners facing foreclosure find professionals who can help them either remain in their homes or find buyers. There will also be a help desk where homeowners can talk to real estate professionals about their options.

“We are glad that N.O.A.H. will have a presence at the Orlando Foreclosures Expo because they will be able to help homeowners directly, and make real estate professionals aware of their services,” Peachey said.

Mahoney believes that the Expo is especially right now, at a time when many more families will be facing foreclosure.

“Unfortunately, there are many more foreclosures to come, and the only way the market will recover is to see a reduction in the inventory of available homes,” Mahoney said. “The Orlando Foreclosures Expo will help match investors and home buyers with sellers, which will lead to transactions that will contribute to reducing the inventory.

“People who are struggling and facing foreclosure need assistance to get out of their homes without devastating their credit,” Mahoney added. “The Expo is a forum for these individuals as well.”



Media Contact:

Jeff Louderback
407-474-6149
jlouderback@cfl.rr.com