Help for Mississippi Homeowners Facing ForeclosureBy Lawayne Childrey | Published 10 Dec 2012 04:42pm |
Legal clinics to help Mississippian's avoid the pitfalls of foreclosure are being setup across the state. MPB's Lawayne Childrey reports on the Mississippi Foreclosure Prevention Consortium.
In the Grand ballroom of the Regency Hotel in Jackson attorneys and financial counselors are meeting one on one with consumers like Vera Triggs of Jackson. Triggs says she and her husband have made at least 10 unsuccessful attempts to secure a home loan modification.
"My husband is the source of the income but his income be decreasing. And it's not really stable where we can pay the mortgage there. All we wanna do is get a modification where we can be able to pay and not struggle when his hours decrease and get the finances reduced. That's all we wanted to do is save our home."
The consortium was created through partnerships with non-profit organizations to provide mortgage assistance to homeowners statewide. Bridgett Wiggins, with the Attorney General’s office of Consumer protection says the groups have partnered to address many of the problems facing homeowners.
"I know some people are telling us they send the paper work in and then the bank tells them they didn't receive the paperwork even though the consumer knows that they sent the paperwork. So if you get one of our legal team or our counseling team we can get you through our process."
Partners of the consortium include Money Management International, Mississippi Center for Legal Services and Mississippi Home Corporation. Julie Brooks is with Mississippi Home Corporation. She says the consortium is helping to educate the public on a number of services that are available to them.
"A lot of people work by themselves and the service and get the runaround and they don't realize these free services are available. People get caught up in mortgage scams and modification scams. So you've invested your hard earned money at trying to get someone to help you and you've wasted $25 hundred dollars and you're no better off than you were before."
Funding for the consortium is provided under the National Mortgage Settlement with the nation’s five largest mortgage lenders over unacceptable lending practices. Over the next week the consortium will make about 10 more stops in Mississippi from Gautier to Clarksdale. Lawayne Childrey MPB News.
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