Home owners get help with mortgage at BJCC - ABC 33/40 - Birmingham News, Weather, Sports

Home owners get help with mortgage at BJCC

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BIRMINGHAM - AL -

"The line this morning, is a clear sign that there are folks in Birmingham and in Central Alabama that need assistance on their mortgage," Hope Now Dir. of Communications, Brad Dwin, said.

Hundreds of people packed the BJCC East Exhibition Hall, Wednesday, to meet face-to-face with their bank.

The nation's largest mortgage companies all under one roof and all for one cause.

"Alabama was very hard hit in the crisis and we know there's lots of home owners out there who are struggling with their mortgage payments," Andrea Risotta said.

According to the U.S. Dept. of Treasury, $162 million has been allocated to help home owners get financial solutions.

"Making Home Affordable" is an event that allows people to sit down with mortgage councilors and discuss, one-on-one, solutions for mortgage troubles.

"Home owners can learn about short sales, mortgage modifications, all different assistance programs that are available to make mortgage payments more affordable," Risotto said.

Help ranges from federal, to state, to even private mortgage companies specifically for those who are falling, or about to fall behind in mortgage payments. It also serves as a way to get lower interest rates.

"We want to make sure that people know enough and get the guidance professionally," U.S. Dept. of Housing and Urban Development Birmingham Field Office Director, Michael German, said. "And it's free."

Free advice. Free solutions. In short...free help.

Something Dwin says needs to be taken advantage of now before it's too late.

"The one important thing is that the worst thing that any home owner can do who's in some sort of financial distress...is nothing," Dwin said.

The "Making Home Affordable" event will run through Wednesday until 8:00 p.m. in the East Exhibition Hall at the BJCC.

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