Rep. Johnson to hold pre-foreclosure town hall
By bringing lenders and struggling homeowners to the same table, Johnson said he hopes to stem the tide of foreclosures that has plagued the Fourth District.
“People in our District have been rocked by high foreclosure rates for years, tearing at the fabric of our neighborhoods and communities,” said Johnson, who has been fighting foreclosures since he was a county commissioner in 2001.
“To help rein in this wave of foreclosures, I’ve invited distinguished guests – but more importantly mortgage lenders – to begin the process of rewriting some of these subprime loans that have caused so much pain,” he said.
Constituents who are behind on their mortgage will be able to begin the process of having their eligible loans rewritten or participate in workshops and counseling sessions depending on their needs.
Johnson encouraged community leaders, pastors, neighborhood associations and public officials to come out and take the pre-foreclosure information back to their communities.
“You may not be in trouble, but you probably know someone who is,” said Johnson. “Reach out to them or come yourself to gather invaluable information you can take back to your neighbors.”
Presentations on the Homeowner Affordability & Stability Plan, the Neighborhood Stabilization Plan and homeowners’ rights during the eviction process will also be part of the agenda.
Salem Bible Church is located at 5460 Hillandale Drive, Lithonia, 30058. For more information, e-mail Betty Dixon at firstname.lastname@example.org or call her at 770-987-2291.
What you need:
If you or someone you know needs their mortgage rewritten, please bring the following to “Save the Dream”:
Hardship Letter – This letter explains the reason the homeowner is requesting a loan modification
Recent pay stubs
Property tax bill if not wrapped into mortgage
Homeowners insurance bill if not part of mortgage payment
Bank statement (last 2 months)
Mortgage documents (current mortgage) – HUD 1 Settlement Statement & Note (if not sure bring all documents from closing)