For Immediate Release
January 10, 2008
Contact: Douglas Robinson, 202-220-2360, drobinson@nw.org;
Erin Angell, 202-220-6317, eangell@nw.org
HomEq Servicing Joins with NeighborWorks® America to Help Prevent Home Foreclosure
WASHINGTON, D.C. –NeighborWorks America is pleased to announce that HomEq Servicing has joined other leading members of the financial, mortgage, insurance and nonprofit sectors in a partnership to provide struggling borrowers with alternatives to foreclosure.
This partnership recently launched a Foreclosure Prevention Advertising Campaign with the Ad Council. The campaign seeks to decrease foreclosures by directing borrowers to call a dedicated toll-free number, where they receive experienced, quality counseling and are connected, as appropriate, with their lender or local NeighborWorks organization.
The campaign focuses on reaching the population of homeowners (currently estimated at above 50 percent) who do not contact their lender/servicer prior to foreclosure.
Both NeighborWorks America and HomEq Servicing are confident that it is helpful to provide a comfortable environment in which borrowers are free to discuss their situation and explore options. These options can include tangible goals on which borrowers can focus to save their homes from foreclosure. As shared by Art Lyon, HomEq CEO, “We are very pleased to announce our support of NeighborWorks and look forward to a collaborative effort to provide distressed homeowners with additional resources and guidance to prevent avoidable foreclosures.”
More information about NeighborWorks America and the NeighborWorks Center for Foreclosure Solutions can be found at www.nw.org.
About NeighborWorks America
NeighborWorks America creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. To date, we have assisted nearly 850,000 low- to moderate-income families with their housing needs. Much of our success is achieved through our support of the NeighborWorks network ― more than 230 community development organizations working in 4,400 urban, suburban and rural communities in all 50 states, the District of Columbia and Puerto Rico. In the last five years, NeighborWorks organizations have generated more than $12.4 billion in reinvestment in these communities. NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.
