For homeowners facing foreclosure or just concerned about their housing loan, answers and solutions may be found at Modesto Centre Plaza on Saturday.
That's when The Bee will hold a six-hour workshop with lenders from several financial groups who are willing to work with distressed borrowers.
Among the lenders set to have representatives at the event are Countrywide, Washington Mutual, Bank of America and Wachovia. Other attending lenders will be Wilshire Credit Corp., Carrington Mortgage Services, IndyMac, OptionOne and Litton Loan Servicing. More lenders may attend.
The lenders are willing to work with homeowners in one-on-one sessions to adjust their loans or possibly modify their monthly payments.
Credit counselors from the U.S. Department of Housing and Urban Development will be at the workshop to give advice and tips on how to avoid foreclosure and provide resources to help borrowers keep their homes.
By most measures, the Northern San Joaquin Valley leads the nation in foreclosures. Last month, about one out of every 100 homes in the valley had a foreclosure filing against it, including default notices, auction sale notices and bank repossessions.
Saturday's workshop is free; Spanish-speaking translators will be provided. Attendees are encouraged to bring pertinent financial information, especially documents that pertain to their loan and mortgage.
The workshop will be from 9 a.m. to 3 p.m. at Modesto Centre Plaza, 10th and K streets in downtown Modesto, and is sponsored by The Bee, the city of Modesto and the state.