3 Day Mortgage Loan Modification Event
White Plains, NY - Community Housing Innovations (CHI), a HUD approved non-profit housing counseling agency, will host a free three day event to help Chase Bank mortgage holders who are having difficulty paying their loan move closer to a resolution through one-on-one meetings with Chase Bank representatives.The event will take place on June 12, 13, and 14 at the CHI offices located at 190 East Post Road in White Plains.
Peter Spino is CHI's Senior Manager of Foreclosure Prevention Counseling. He offers the following tips for those searching for a home loan modification from any bank. "One of the best resources is your own organization and persistence," says Spino. "While your mortgage is your top priority, it is simply one of hundreds for a bank representative; therefore, it is your job to be as organized and diligent as possible when it comes to the process of pursuing your own loan modification." Additional advice:
1. First call your own bank and request a loan modification application.
2. Next gather all the supporting documentation that will be needed and thoroughly and accurately complete the application.
3. The third step is faxing the completed application with all supporting documents to the bank and then calling to confirm that someone received it; be sure to write down the first and last name of anyone you speak with at the bank for future reference.
4. Avoid sending in an incomplete application as it will only slow down the process.
5. Finally call the bank every two weeks to check on status and see if they require any additional documentation. The only way to get through the process successfully is to be your own best advocate. If you are unsure of how to proceed, CHI offers free counseling and support.
CHI has developed its own Fast Track™ Loan Modification Program to help remove roadblocks from the loan modification process by providing a forum for homeowners to have face-to-face contact with a bank’s representatives, leading to the bank making quicker homeowner relief decisions. The Fast Track™ event in June is the fifth of its kind for CHI.
Chase bankers will see 100 homeowners over the three day period for approximately one hour each, and participants will receive free support from CHI before, during and after the workshop. Because of the limited space, Chase mortgage holders are encouraged to sign up early.
Individuals who would like to register for the program should contact CHI at 1-877-483-2686, ext. 1. More information can be found at www.chigrants.org. Homeowners in Westchester who are currently experiencing or are anticipating having difficulty making timely mortgage payments, or who have already defaulted or are in danger of foreclosure, are eligible to participate. There is no fee to take part in the event. Homeowners with mortgages through other banks can also receive support services through CHI.
CHI’s mission is to “provide the housing and human services that enable low and moderate income families and individuals to achieve the greatest social and economic independence at the lowest cost to society.” Since its founding as a 501c (3) nonprofit in 1991, the agency has helped thousands of homeless persons and low income families and individuals. The agency is skilled in the development of many different types of housing with community acceptance and support. CHI has developed 25 projects and owns and manages over 600 housing units in Westchester, Dutchess, Ulster, Nassau and Suffolk Counties.
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