Southern California Mortgage Crisis

The Inland Empire Economic Recovery Corporation administers free foreclosure prevention seminars that feature a HUD-approved housing counselor who speaks on default avoidance, renegotiation, short sale, forebearances, and other topics of interest to struggling homeowners. Additionally, HUD counselors and/or bank representatives will meet with attendees to discuss their specific circumstances and inform them whether they qualify for a renegotiation to avoid a foreclosure.

These seminars are completely free. No donation required. No paid follow-on services are sought.

SEMINAR DATES

SAN BERNARDINO
Saturday July 25th   8am-2pm
Cal State University San Bernardino
Santos Manuel Student Union
5500 University Parkway
San Bernardino, CA 92407

LAKE ELSINORE
Saturday August 8th   8am-2pm
Lake Elsinore Storm Stadium
Diamond Club
500 Diamond Drive
Lake Elsinore, CA 92530

REGISTER ONLINE

http://www.ieerc.org/register.html

You will need to bring items to the seminar, including a HUD registration form, available at the registration link above, and the following (these aren’t very difficult to compile and will ensure you receive accurate information from those donating their time to provide you with realistic advice):

• Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources.
• Your most recent income tax return.
• Information about your savings and other assets
• Information about your first mortgage, such as your monthly mortgage statement.
• Information about any second mortgage or home equity line of credit on the house.
• Account balances and minimum monthly payments due on all of your credit cards.
• Account balances and monthly payments on all your other debts such as student loans and car loans.
• A letter describing any circumstances that caused your income to be reduced or expenses to be increased (job loss, divorce, illness, etc.) if applicable.