Debthelper.com Helps Families in Palm Beach County with Foreclosure Prevention Assistance

Jan. 26, 2011 - PRLog -- Since our current administration signed and released the Making Home Affordable Modification Program, the MHAMP is helping both mortgagors and mortgagees with their issues, resulting from the past administrations policies. Debthelper.com with their whole team of experts such as their Housing Counselors, created a number of different workshops to assist homeowners in taking advantage of this program and to keep their “American Dream”.

On January 22nd, 2011 we organized a successful Free Foreclosure Prevention Workshop in the Skaff Hall, a great facility owned by the Mary Immaculate Catholic Church, in West Palm Beach, Florida with the participation of Citi Mortgage, Chase, HSBC, PNC, GMAC and Bank of America. We advertised in a local newspaper, along with the distribution of flyers around town. Many of the servicers sent out flyers to their borrowers, who are behind in their mortgage payments. The main purpose of these events is to help homeowners who are struggling to make payments, and those who are under ‘hardship’. We opened the doors to the public at 9:00 am, with a very organized line of borrowers ready to assist. They were assembled near the main entrance; as the day progressed, we saw how many times the doors opened in and out from borrowers who wanted to go home with a ‘hope’ to fix their mortgage issues. Also we noticed how much frustration, anger and sadness showed on these borrower’s faces. Our counselors tried to give them ‘hope’, counseling on the process of any federal program. No decisions were made, because the determinations come from the Lenders or Investors who own the mortgage loan.

The servicer with the most cases of foreclosure issues in America is Bank of America, they were represented by only one employee, ending the day with a very low number of borrowers asking for assistance. Their poor turnout was due to their lack of invitations sent. According to their managers we spoke with, they wanted to save their own revenue. The other servicers were busy all day, assisting as many borrowers as they could handle. They called or sent invitations to all their mortgage holders in trouble to see if they qualify for help. We completed and closed our doors at 3:00 pm.

We now have just short of 2 years working on these programs. We see many negative results, consequences of denied cases, with different type of excuses such as missing documents, inactive account, no communication at all with borrowers to let them know what they are missing, or because most underwriters representing the investors desired to move cases forward, which would result with a ‘Traditional Modification’, avoiding any federal program against borrowers.

Debthelper.com will continue developing workshops throughout the year to assist homeowners to keep their homes. We will also escalate to the US Treasury Department of any situations where the lenders or investors are working against any federal programs available.
For more information on our Foreclosure Prevention Workshops call (561) 472-8000 or (800) 920-2262.

Our next workshop will be held on March 19, 2011 in West Palm Beach, FL.

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Credit Card Management Services, Inc. d.b.a. Debthelper.com is an IRS Approved 501c3 Non-Profit Florida Corporation dedicated to our mission of providing compassionate and professional, financial counseling and education.