Foundation Adds Fifth Counseling Partner in Efforts to Counsel Homeowners
MINNEAPOLIS, April 23 /PRNewswire/ -- The Homeownership Preservation
Foundation has reported a significant jump in the number of homeowners
calling its 888-995-HOPE hotline for assistance in avoiding foreclosure.
The national hotline (for more information, go to http://www.995hope.org ),
which helps individuals and families who are behind on their mortgage
payments, received more than 14,000 calls during the first quarter of 2007,
a 30 percent increase over the fourth quarter 2006. More than 25,000
homeowners called the hotline in all of 2006.
"Currently, more than 300 homeowners call 888-995-HOPE daily," said
Colleen Hernandez, president and executive director of the Homeownership
Preservation Foundation. "The increase in the number of calls is a direct
result of the rising number of homeowners suddenly finding themselves in
the position of potentially losing their homes combined with the growing
awareness of the hotline as a result of a nationwide public service
campaign. There are thousands of homeowners who are at serious risk of
losing their homes unless they take action now."
The Homeownership Preservation Foundation, in partnership with mortgage
lenders, nonprofit organizations and city government agencies, provides
homeowners with counseling and resources to help homeowners resolve their
mortgage troubles. Homeowners who call the 888-995-HOPE number can receive
free advice and counseling from nonprofit, HUD-certified organizations --
24 hours a day, 7 days a week.
The Foundation recently added a fifth HUD-approved agency in its
efforts to help counsel homeowners. CCCS of San Francisco joins Auriton
Solutions, CCCS of Atlanta, Novadebt, and Springboard, who together create
the primary counseling center for the 888-995-HOPE hotline.
CCCS of San Francisco has been providing financial education and
counseling to families nationwide for 38 years. Since 1969, hundreds of
thousands of individuals and families have turned to CCCS for help with
money management, credit, debt, and housing issues. Its Housing Education
Program is recognized nationally by lenders, community organizations,
private corporations and foundations as an outstanding resource for
families struggling with the challenges of homeownership.
"We are pleased to partner with the Homeownership Preservation
Foundation," said Rick Harper, vice president and director of housing for
CCCS of San Francisco. "We look forward to being able to help homeowners
around the country find real solutions to their homeownership dilemmas."
About the Homeownership Preservation Foundation
The Homeownership Preservation Foundation (HPF) is a Minneapolis-based
501(c)(3) nonprofit dedicated to reducing foreclosures and preserving
homeownership for American homeowners. The Foundation was formed in
September 2004 with a $20 million seed contribution from GMAC ResCap
(Residential Capital, LLC), one of the nation's largest real estate finance
companies. The Foundation partners with city, county and state governments;
federal government agencies; community-based non-profit organizations; and
mortgage companies to offer creative solutions to preserve homeownership.
For more information about the Homeownership Preservation Foundation,
please visit http://www.hpfonline.org.
About Consumer Credit Counseling Service of San Francisco
Consumer Credit Counseling Service of San Francisco is a nonprofit
financial counseling service and personal finance resource center. Since
1969, CCCS has helped hundreds of thousands of individuals and families
overcome their financial challenges and reach their goals. CCCS is a
HUD-certified housing counseling agency, accredited by the Council on
Accreditation of Services for Families and Children and a member of the
National Foundation for Credit Counseling. CCCS provides counseling and
education in English and Spanish, in person and via telephone.
The Housing Education Program of CCCS of San Francisco partners with
lenders, government agencies, foundations and corporations nationwide to
provide necessary housing education and counseling to families seeking
their first home, as well as those struggling to avoid foreclosure. Since
its inception in 1994, the Housing Education Program has assisted over
100,000 families in achieving the American Dream of homeownership through
its counseling and education programs, while helping tens of thousands more
determine a viable plan for keeping their home when faced with foreclosure.
For more information about CCCS of San Francisco and the Housing
Education Program, please visit http://www.cccssf.org and
http://www.housingeducation.org .
SOURCE Homeownership Preservation Foundation
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Related links:
http://www.hpfonline.org
http://www.995hope.org http://www.cccssf.org
http://www.housingeducation.org
http://www.prnewswire.com/comp/138832.html /
CONTACT:
Brett J. Weinberg, +1-952-857-6859, for
Homeownership Preservation Foundation
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