Mortgage Industry Supporting Campaign Helping Families Facing Foreclosure
Since June 25, more than 200,000 homeowners have called a national foreclosure prevention hotline co-sponsored by a Texas-based law firm.
[USPRwire, Fri Feb 15 2008] Since June 25, more than 200,000 homeowners have called a national foreclosure prevention hotline co-sponsored by a Texas-based law firm. Barrett Daffin Frappier Turner & Engel, one of the nation’s leading law firms dedicated exclusively to the mortgage banking industry, has provided financial support and other resources to the effort by NeighborWorks America to help families facing foreclosures on their homes. The firm has been joined in the initiative by major residential lenders such as Washington Mutual, Wells Fargo and Bank of America.
“Many lenders are prepared to work with borrowers to avoid foreclosure if at all possible,” says Barrett Daffin managing partner Mary Daffin. “Research shows that every foreclosure prevented in a neighborhood helps stabilize surrounding home values. Alliances such as NeighborWorks are raising public awareness and counseling individual homeowners about the steps they can take to avoid foreclosure.”
Managed by the Homeowners Preservation Foundation, the average daily call volume to the 888-995-HOPE hotline has increased more than 270 percent since the public service campaign was launched last summer through the distribution channels of the National Ad Council and corporate sponsors.
More information on the foreclosure prevention efforts of NeighborWorks America and its partners can be found at http://nw.org/network/neighborworksprogs/foreclosuresolutions/.
NeighborWorks America creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and safe and affordable rental housing. The NeighborWorks network includes more than 235 community development organizations working in 4,400 urban, suburban and rural communities in all 50 states, the District of Columbia and Puerto Rico.
Founded in 1990, the firm of Barrett Daffin Frappier Turner & Engel represents many of the nation’s mortgage banking giants in matters ranging from contract enforcement to regulatory compliance. The firm has more than 40 attorneys and several hundred administrative personnel who are dedicated to keeping the client first. Barrett Daffin is well-known for its proprietary software tools designed to efficiently manage clients’ mortgage-related transactions.
For more information, please contact Monique Thiessen, 972-341-0617.
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