December 4, 2011
IA & I-12 NEWS Team Up To Expand Access and Awareness
Among Minority Communities for Financial Education/Housing Counseling Resources
Phoenix, AZ – Infiniti Advocates (IA) and I-12 News announced today a new partnership to expand access to financial education and vital credit and housing counseling services specific to the Minority community. With tools and counseling available in financial world, IA’s 50 affiliate chapters and the I-12 NEWS broadcasting subscribers will collaborate to bring a new level of financial literacy to Minority Communities during these difficult economic times.
“By teaming up, IA and the I-12 NEWS have the opportunity to create positive change in the Minority community. Knowledge is power, and access to accredited counseling services, financial assistance and education can make a difference for homeowners and homebuyers,”
“Both organizations share a commitment to ensuring that individuals and families have the financial education necessary to make responsible homeownership decisions,” said Zella Perryman Advocacy Manager of the I-12 NEWS. “The I-12 NEWS Members are well-positioned to deliver the individualized counseling services consumers need when approaching the foreclosure epidemic and loan modification process.”
I-12 NEWS Member Agencies will offer housing counseling including pre-purchase, foreclosure prevention, and reverse mortgage in addition to financial counseling, to IA clients. Examples of the I-12 NEWS’s arsenal of tools available on you tube weekly productions. Which will be used to educate consumers around the loan modification process and foreclosure scams, multiple educational housing podcasts, which allows consumers to assess their level of knowledge in order to save their homes from foreclosure (available at www.infinitiadvocates.com and www.i12news.com)
Through the collaboration, the two organizations will strategically promote information, resources and tools through IA agents who work with the Minority community. Additionally, the organizations will also engage in leadership discussion forums around the delivery of financial education and counseling needs evidenced in the Minority community.
With studies documenting record losses of wealth in the minority communities due to the foreclosure crisis and resulting decline in homeownership, IA has consistently urged policymakers not to cut vital housing counseling services that have made a notable difference in the level of homeownership sustainability for new homeowners. During Hill visits for the last two years, IA has recommended that housing counseling and financial education tools and services receive increased funding through the annual multicultural real estate policy.
“Minority Communities will comprise 60 percent of the foreclosure market,” added Hawthorne. “Helping them learn what it takes to be sustainable homeowners will help stabilize neighborhoods and benefit local economies.”
“This new relationship with IA will help create positive financial change for individuals, families, and communities, at a time when it is needed most,” continued Perryman.
Infiniti Advocates of Minority Real Estate Professionals, a for-profit service association, is dedicated to increasing the homeownership retention rate among Minority Communities by educating and empowering the real estate professionals that serve them. Based in Phoenix ,AZ. IA is the premier trade organization for Minority s and with 19,000 members in 50 states and 50 affiliate chapters
IA Media Contact: Camerin Hawthorne (602) 254-2235
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Infiniti Advocates enables consumers to handle many of the common financial issues that affect their lives. Some of the popular programs include loan modifications;