Whether you've missed one mortgage payment or several of them, this free foreclosure workshop could mean the difference between saving your home, or losing it.
Elaine Brown is like thousands of other Americans across the county; starring at a home, they once owned, but is now foreclosed.
"I never thought I would have dreamed in a million years I'd be here," says Elaine.
Before you end up in Brown's position, you can get some much needed help on Saturday.
Hope Now, an alliance of mortgage servicers and counselors, will be at the Greater Richmond Convention Center, along with 11 mortgage companies to help you save your home.
"They can see their lender face to face and sometimes that can be a challenge. Maybe they are calling the number and are put on hold or they have been in contact, but it's fallen apart," says Eric Selk with Hope Now.
Hope Now says Richmond is on their list as an area with a high foreclosure rate. "Well, it's not as bad as Florida or California, but as far as this part of the country goes, Richmond is up there, yeah," adds Selk.
But, we are not alone. Americans continue to lose their homes to foreclosure at a record pace. In March, foreclosures spiked with one in every 138 homes getting a foreclosure notice in the first quarter.
"It's very tough emotionally sometimes because people have a lot of challenges," says Selk, who sees people losing their home and in trouble, all across the country.
Selk says many people are losing their homes, because they lost their job and the income is just not coming in.
The key to keep the foreclosure signs off your property is to not to wait until it's too late, so you don't find yourself with no where to go. Also, we're told the earlier you get help, the more assistance options there are.
"I'm hoping we will have a place to call our own," says Brown.
The workshop will run from 9 a.m. to 3 p.m. Saturday. There is a lot of paperwork to bring with you if you come on down here. That information is available with this link: Free Foreclosure Assistance Workshop in Richmond on Saturday.
The companies that will be at the workshop include: American Home Mortgage Servicing, Bank of America, Chase, Citi, GMAC, Ocwen, One West, Saxon, Select Portfolio Servicing, SunTrust Mortgage and Wells Fargo.