City
of Troy Offers Free Workshop to Prevent Foreclosure
(TROY,
MI) – As the economy
changes drastically, homeowners continue to worry about their finances, their
home and their future. Helping to put their minds at ease, the City of Troy is
offering a free foreclosure workshop
from 7-8:30 pm, Wednesday, January 14 at the Troy Community Center, Room 305.
Focused on
protecting your American dream, this workshop features speakers from Green Path
Debt Solutions, Oakland Livingston Human Service Agency, Lighthouse, and
Oakland County Housing Counseling. Topics to be discussed will highlight money
management, including budgeting, credit, and debt; and
the basics of foreclosure, including the timeline, what to expect, and what to
do if you’re at risk.
“With the
economy in a seemingly unstable state, it’s a very scary time for some
homeowners,” said Cindy Stewart, community affairs director for the City of
Troy. “It’s important for our residents to know that they are not alone in this
crisis. The City of Troy is working with various organizations to promote education
to help prevent foreclosure.”
Troy
residents are also urged to contact the Homeownership Preservation Foundation
if they fear they are in risk of foreclosure. HPF is a nonprofit dedicated to
reducing foreclosures and preserving homeownership. HPF provides their
Homeowner’s HOPE hotline - 888.995.HOPE, a free foreclosure prevention
counseling service.
For more
information about the free workshop, call 248.524.3484. The Troy Community Center is located at 3179
Livernois. For information regarding HPF, visit www.995hope.org or www.nw.org/network/foreclosure/.
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