We had a great interview on radio with Jocelyn Van Toor, housing counselor, both foreclosure and prepurchase, with Community Neighborhood Housing Services. Community Neighborhood Housing Services (CNHS) is a community based non-profit organization located in Saint Paul, MN. Specializing in foreclosure prevention, home improvement loans, and new homeowner education, CNHS serves the seven-county metro area with special program emphasis in the city of Saint Paul.
A housing counselor help a homeowner with financial evaluation and help modify the loan. Ms. Van Toor believes in "empowering the borrower" in dealing with the lender. She explained the process of loan modification, criteria for loan modification, time line etc.
CNHS is HUD approved counseling agency. Info on local agencies can be obtained at www.hud.gov. Specifically, for resources on foreclosure, visit http://www.hud.gov/foreclo
This counseling is available without charge. The fact I enjoyed the most was that Jocelyn talked about "empowering the clients to talk to the lender directly". I totally agree with this. I feel that it is unfortunate that clients who pay lot of money to the lenders feel scared to talk to the same lender/bank, they are helping become so rich. I guess attorneys are necessary evil from that prospective.
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Note: My radio show is on every Saturday on 1170 AM KLOK in SF bay area. It can also be heard in internet on link to radio program on my website www.ahluwalia-law.com.
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