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Workshop to Address Foreclosure and Bankruptcy Houses for Sale Issues

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By : John Cutts    99 or more times read
The Federal Home Loan Bank of San Francisco will be holding a Foreclosure Prevention and First-Time Homebuyers Workshop. The event, meant to educate homebuyers about purchasing houses, bankruptcy houses for sale and foreclosure issues, will be held at Mills High School in Millbrae, California on October 2, 2010.

Aside from addressing home buying and foreclosure-related issues, the event will also offer professional counseling to owners of foreclosed homes in San Francisco, CA and those facing possible mortgage or foreclosure problems. Lenders and banks will also participate and homeowners will be given a chance to seek loan modification agreements and discuss other financing options with experts.

According to FHLBank San Francisco officials, the event was launched to provide assistance to homeowners in the area who are worried about losing their properties to foreclosed homes for sale in California. Executives from the bank have also stated that it is also a way to educate other area property owners about issues related to property ownership.

With the state suffering from high numbers of foreclosed properties and bankruptcy houses for sale, the event is being seen by most industry observers as a timely and useful way for homeowners to gain knowledge on how they can protect their residential properties. The NID Housing Counseling Agency will also be involved as co-sponsor of the event.

Several panel discussions will be held during the workshop, including topics related to foreclosure homes for sale, dealing with fraudulent activities in the housing market, budgeting during crisis, foreclosure counselor roles, tax implications of alternatives to foreclosures and other solutions to housing problems. There will also be a separate discussion specifically geared towards first time house buyers.

The forum is open to everyone, but organizers of the event advise attendees to bring bank statements covering two months, recent pay stubs, Tax Return and W-2 forms covering 2009, insurance policy for the property, monthly expenses documents, hardship letter, utility bills and recent mortgage documents.

Self-employed individuals are also required to bring bank statements and loss and profit statements. According to FHLBank officials, the documents will assist lenders in determining what options are best for a particular borrower and what methods can help homeowners who are facing problems related to foreclosure and bankruptcy houses for sale.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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