Preventing foreclosures meeting set - 'How to Save Your Home'
The 10 to 11 a.m. free program will be held at the GreyStone Power auditorium, 4040 Bankhead Highway, Douglasville.
“We’ll look at the various options people have if they’re being foreclosed or they fear foreclosure in the near future,” said Chris Collier, Piece by Piece-Douglas director.
The program will be presented by CredAbility, a nonprofit credit counseling agency certified by the U.S. Department of Housing and Urban Development (HUD).
Collier, who also heads the Westside Home Builders Association, said the Piece by Piece group has three objectives: keeping people in their homes, getting people into available homes and addressing the employment issue.
He calls the new intuitive a “one-stop program” where people can go to prevent their homes from going into foreclosure. It’s also designed to match people wanting to buy homes with available foreclosed homes.
Collier said one problem with many foreclosed homes is the need for repairs and remodeling to make them livable.
“Potential buyers don’t know what it’s going to cost them to move in and they pass over a good deal,” he said.
The Piece by Piece program will pair re-modelers from the home builders group with Realtors from West Georgia Board of Realtors so they can give the prospective buyer an immediate estimate for bringing the house up to standards. The group will also link buyers with 203k mortgage brokers.
“This is a HUD program which gives buyers money to buy homes and pay for the improvements, wrapping it all into one mortgage,” Collier said. “It’s simple to do but many people don’t know this type of mortgage exists.”
The jobs component of the initiative will be handled by the Douglas County Chamber of Commerce’s Industrial Development Committee, he said.
More information on Piece by Piece-Douglas is available from Collier at 678-715-0904. The organization will soon has a website online at www.piecebypiecedouglas.com.
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