Raleigh, NC – May, 2011 – CESI Solutions, a Raleigh, NC-based national nonprofit credit counseling agency and a HUD-Approved housing counseling agency, teamed up with the national Neighborhood Assistance Corporation of America to bring borrowers and bankers face to face and find new ways to avoid foreclosures.
NACA sponsored the four day workshop, titled “Save the Dream” at the Raleigh Convention Center from May 12th through May 15th. NACA is holding similar events across the country to assist borrowers/consumers who are facing mortgage delinquency and foreclosure.
During the workshop, borrowers attend an orientation session and then speak with a housing counselor as well as a loan servicer. Major mortgage servicers including Bank of America and Wells Fargo were on hand to help arrange loan modifications. In some cases, borrowers can have their payments lowered by a third and lock in significantly lower rates.
“We’re pleased to be able to join with NACA and help people hang onto the American dream of homeownership,” says Sheryl Merritt, Housing Program Manager with The Homeownership Center, a part of CESI Solutions. “In many cases, people are facing mortgage delinquency because of an unforeseen crisis in their lives such as a medical emergency or job loss. There are programs that can help people hold onto their house while they get their particular situations resolved.”
Counselors with The Homeownership Center used the workshop to educate borrowers about The North Carolina Foreclosure Prevention Trust Fund, which is available to help unemployed borrowers with their mortgage payments for up to 24 months or $24,000.
“It helps everyone, the borrower, the lender, and the nation to keep people in their homes if at all possible,” says Dr. Diane Chen, founder and CEO of CESI Solutions.
CESI Solutions has been recognized as one of the most dependable debt management companies in the US, according to Goldline Research and has an A+ rating by the Better Business Bureau (BBB).
Filed Under: News and Press
Consumer Education Services, Inc. (CESI) is a non-profit service provider of comprehensive personal financial education and solutions for all life stages and for all of life’s milestones. Our goal is enhanced economic security for everyone we serve.
CESI is NOT A LOAN COMPANY