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Foreclosure prevention workshop offers homeowners options

SAN ANTONIO, TX.- The City’s Department of Community Initiatives (DCI) is presenting a free workshop to help prevent San Antonio homeowners who are behind on their mortgage payments from losing their homes. The free workshop is scheduled from 9:30 a.m. to 2:30 p.m. on Saturday, March 29 at Northwest Vista College, Huisache Hall (Student Center), 3535 N. Ellison Drive. Free parking in front of the building and refreshments will be provided.

From 9:30 a.m. to 10:30 a.m., attendees will learn from mortgage lenders about options to keep their home. After the presentation, homeowners will have an opportunity to meet one-on-one with their lender or a certified housing counselor to discuss work-out options to prevent foreclosure.

Earlier this week, the Texas Foreclosure Prevention Task Force announced that 150,000 homes in Texas will face foreclosure this year, with 14,000 homes posted for foreclosure in San Antonio. More than half of homeowners who are behind on their mortgage payments never talk to their lender to discuss ways to save their home. This workshop allows lenders and homeowners to meet and discuss options.

In addition to affecting their credit score significantly, a foreclosure causes homeowners to feel scared, depressed, angry and embarrassed at the prospect of losing their home. The City hopes the upcoming workshop will provide assistance to San Antonio families who are at risk of losing their home. For more information, call 207-5910.