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Legislative News and Views - Rep. Dean Urdahl (R)

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HELP PROVIDED FOR THOSE FACING FORECLOSURE

Thursday, April 17, 2008
While the complete schedule still is being worked out, I want to pass along information regarding a series of workshops designed to help homeowners who are facing foreclosure. The series of upcoming workshops was announced by Gov. Pawlenty recently. The sessions are designed to bring lenders and borrowers together in one location. Mortgage lenders and servicers will meet directly with homeowners to review their individual situation, and when possible, modify the terms of the loans in an effort to prevent foreclosure. The workshops as part of a package of initiatives which also includes state funding for third-party meditation when counseling is unsuccessful, a lender compact designed to reduce foreclosures, and a foreclosure hotline. Homeowners can ask questions at these workshops and receive free and confidential advice from non-profit foreclosure counselors and mortgage lenders. The events are free and open to the public. There is no registration required and homeowners may stop by any time during the “open-house” style events. The initial four sessions are planned for metro locations, but sessions also may take place in outstate locations like St. Cloud. The first four expanded workshops will be: April 22 – Minneapolis Urban League, 2100 Plymouth Ave. N., Minneapolis, 4:30-8:30 p.m. May 13 – Anoka County Technical College, 1355 W. Hwy. 10, Anoka, 4:30-8:30 p.m. May 20 – Buffalo Discovery Center, 301 NE 2nd Ave., Buffalo, 4:30-8:30 p.m. June 5 – Eagan Community Center, 1501 Central Pkwy., Eagan, , 4:30-8:30 p.m. If you are unable to attend these events – or feel you cannot wait that long – you may call the Minnesota Foreclosure Hotline toll-free at 1-866-462-6466 for information on counseling and other resources. You also may log on to www.hocmn.org for more information.
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