The state will be holding its third homeowners assistance program Tuesday, July 10 at University of Connecticut in Storrs.
The event, which is similar to events held in Hartford and Bridgeport last year, will give distressed homeowners an opportunity to explore loan modifications or other foreclosure prevention options with their banks or mortgage servicers.
The event was touted by U.S. Rep. Joe Courtney, Attorney General George Jepsen, and Banking Commissioner Howard Pitkin as a way to help homeowners have a one-on-one conversations with their banks about their mortgage loan.
About 1,500 homeowners turned out for a similar event in Hartford and about 1,300 turned out in Bridgeport. Not all received principle reductions, but many walked away with more answers than they had going into the event.
A homeowner told Jepsen at the Bridgeport event that he made more progress during his meeting with his bank than he had the previous 18 months, Jepsen said Monday at a press conference to promote the event.
The mortgage assistance event is scheduled from 10 a.m. to 7 p.m. Tuesday, July 10 at the University of Connecticut Student Union in Storrs. Free parking is available in the South Parking Garage. Parking tickets will be validated at the event.
Among the banks sending representatives are: Bank of America; Chelsea Groton Bank; Citibank; First Niagara Bank; GMAC Mortgage; HSBC National Bank USA; Indymac/OneWest; JPMorgan Chase & Co.; McCue Mortgage; Ocwen Loan Servicing; People’s United Bank; PNC Mortgage; Webster Bank; and Wells Fargo Bank. Also attending will be HUD-approved housing counselors, Connecticut Fair Housing Center attorneys, Judicial branch foreclosure mediators and representatives of Statewide Legal Services, The Workplace, Inc. and other state and non-profit agencies.
Those who are unable to attend can get help through the Banking Department’s Foreclosure Assistance Hotline. The hotline number is 1-877-472-8313.