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Workshop on How to Stop Foreclosed Homes Problem in Florida

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By : John Cutts    99 or more times read
A workshop addressing the issue of how to stop foreclosed homes concerns is being sponsored by Florida Housing Help. The Immokalee Career and Service Center event will be bilingual and will focus on educating and helping homeowners facing foreclosure.

It will also provide homeowners the opportunity to meet up with lenders, housing authorities, housing counselors from the HUD, real estate lawyers and credit counselors and learn all about programs that provide foreclosure assistance. In addition, loss mitigation experts from Wells Fargo, Bank of America, Fifth Third Bank, Sun Trust and Chase will be participants in the workshop.

Attendees of the workshop were asked to bring bank statements and paycheck records and identification cards like Social Security and driver's license. They were also requested to come to the event armed with their W2 Forms, documents on mortgage payments and employment gaps and bills on household expenses.

The workshop is just one of several efforts launched in Florida to address the issue of foreclosures. Another program that has recently come into being is a mediation effort launched by the 10th Judicial Circuit which aims to stop foreclosed homes from increasing in number. Although foreclosure figures in the state has declined by 25% compared with previous year's numbers, Florida remains in the top three states with the highest foreclosure activities.

The project, called Collins Center for Public Policy Foreclosure Mediation Program, offers borrowers and lenders the opportunity to resolve foreclosure concerns outside the courts. It also focuses on trying to keep homeowners in their homes if it is possible at all. The effort is a collaboration between Collins and the Central Florida Mediation Group and offers the mediation services free of charge to homeowners who are facing foreclosures.

Organizers of the program have stated that the mediation effort benefits both lenders and homeowners in such a way that they are given a chance to work out their case with the help of a mediator and come up with an agreement that will prevent both parties from suffering additional pressure and expenses. A reasonable solution that will take into consideration the homeowner's financial status is the primary purpose of the mediation.

The Florida Housing Help workshop and the mediation effort by Collins are part of statewide efforts to stop foreclosed homes from becoming a bigger problem. These efforts are provided for free and aim to benefit both lenders and borrowers.

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