St. Louis Fed Collaborates on Event to Save Homes from Foreclosure

What: Save Your Home!

When: Nov. 4, 2009
2 to 8 p.m.

Where: America’s Center (Downtown Convention Center)
701 Convention Plaza
St. Louis, MO 63101

Cost: Free

On Nov. 4, 2009, Hope Now in collaboration with the Federal Reserve Bank of St. Louis, NeighborWorks America, the Metro St. Louis Foreclosure Intervention Task Force and KETC Channel 9 will host a free Save Your Home! event at America’s Center.

This will be an opportunity for homeowners who are behind on their mortgage (or at risk of falling behind on their mortgage due to financial hardship) to meet one-on-one with their loan servicer and/or a local nonprofit HUD- certified housing counseling agency to discuss options to avoid foreclosure. Representatives from 15 loan servicers and 10 nonprofit agencies will be at the event to meet with homeowners.

In addition, area nonprofit groups will have information tables with resources that could be of assistance to homeowners experiencing financial hardship.

Parking: Self-pay parking is available in many parking lots and garages around the convention center. The closest parking garage is at 7th Street and Convention Plaza ($1/hour). The event is also accessible by Metrolink.

What to bring: Homeowners will need to bring the following documents to the event:

• most recent tax return with all the schedules and W-2s;
• two most recent bank statements;
• two most recent pay stubs (if you receive them) or documentation of income you receive from other sources (e.g., alimony or child support);
• monthly mortgage statement showing the mortgage-servicer information and the mortgage loan account number;
• information about other mortgages on your home, if applicable;
• account balances and minimum monthly payments due on all your credit cards;
• account balances and monthly payments on your other debts (such as student loans and car loans); and
• estimates of monthly expenditures (such as utility bills, food expenses, insurance payments and medical bills).