Sixth Mortgage Assistance Event Set Next Week In Hartford

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The sixth in a series of state-sponsored events for homeowners behind on their mortgage payments will be held in Hartford Oct. 22, giving borrowers a chance to meet face-to-face with lenders and loan servicers.

The mortgage assistance event will be held at Connecticut Convention Center in Hartford, the second time the event has been held in the city since the series began two years ago. The event runs from 10 a.m. to 7 p.m. Parking is free for those attending.

“I encourage anyone having problems keeping up with their mortgage to attend,” Banking Commissioner Howard F. Pitkin said. “In addition to meeting directly with a lender or loan servicer, housing counselors will be on hand to meet with homeowners.”

The event is sponsored jointly by the state banking department, the governor’s office and the attorney general.

“Getting lenders and borrowers together to discuss the issues is the first step to keeping people in their homes,” Gov. Dannel P. Malloy said. “This event facilitates those important conversations between the banks and homeowners.”

Attendance does not guarantee a loan modification, but other options may arise in the face-to-face discussions, organizers say.

The first five mortgage assistance events have drawn roughly 5,000 home loan borrowers, according to the state banking department. But estimates of how many homeowners have been helped weren’t available Tuesday.

Foreclosure activity is intensifying in Connecticut. A report last week placed Connecticut as sixth highest in the country when ranked by residential properties at some stage in the foreclosure process.

Connecticut is seeing an increase in foreclosure activity which had been delayed as major lenders and servicers rewrote their verification and documentation practices. Those practices came under fire in the so-called “robo-signing” scandal prompted by revelations that some lenders and servicers signed off on foreclosure documents without checking their accuracy.

More information about the mortgage assistance event at www.ct.gov/dob. The information includes lenders and services participating in the event and what documents and other information homeowners should bring with them.

Homeowners also can call the banking department at 860-240-8170 or 1-877-472-8313.

 

 

 

 

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