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Free help to avoid foreclosure

Free help to avoid foreclosure

Credit: AP


by Terri Gruca

Bio | Email | Follow: @TerriG_KVUE


Posted on March 23, 2011 at 11:03 PM

Any family dealing with the threat of foreclosure likely knows how tough it can be to get any help from their bank.

There is a local group here called Frameworks Community Development Corporation that offers free help. And for the next three days the non-profit is hoping to help 6,000 Austin families avoid foreclosure.

Their mortgages are currently owned by Fannie Mae, although they may not know it because they likely pay their mortgage directly to Bank of America, J.P. Morgan Chase or other banks.

According to the organization foreclosures in Central Texas are up 3 percent over the same time last year. And already in Austin’s four county area 5,565 homes have been posted for foreclosure in the first four months of 2011.

The three day workshop times and location are below:

Frameworks CDC, 701 Tillery St., Suite A-6B, Austin, Texas 78702.

  • Thursday, March 24th, 9:00 a.m.-6:00 p.m.
  • Friday, March 25th, 9:00 a.m.-6:00 p.m.
  • Saturday, March 26th, 9:00 a.m.-6:00 p.m.

If you are not sure if you have a Fannie Mae mortgage loan or you would like to get help avoiding foreclosure you can call 512-385-1500. This is a free service approved by HUD. You can learn more about the foreclosure help programs here.