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Housing Fair to be Held in Highland Park

Hundreds of homeowners are anticipated to attend the upcoming Home Expo & Home Rescue fair on Saturday, Nov. 17 in Highland Park. Information and resources will be available to both first time homebuyers and homeowners who are at risk of foreclosure.

Lea esta nota EN ESPAÑOL: Feria de Vivienda se Realizará en Highland Park [1]

“Participants who are first time homebuyers will get information and resources on how to buy a home; how to get up to $55,000 in assistance if they qualify and learn of homes available for purchase in their area if they qualify. Homeowners who are at risk of foreclosure will be able to meet with HUD authorized counselors for home rescue assistance,” Conrado Terrazas, communications director in Assemblyman Gil Cedillo’s Los Angeles office, said in an email.

The event is presented by Assemblymember Gilbert Cedillo in collaboration with Congressman Xavier Becerra, State Senator Kevin De León, LAUSD Board Member Bennett Kayser, El Centro Del Pueblo, National Council of La Raza, U. S. Department of Housing and Urban Development. The even is being managed by Montebello Housing Development Corporation (MHDC).

Homeowners can receive free HUD counseling services, meet with a mortgage servicer about their loan, discover other available tools and resources, and learn about their legal options.

Homebuyers can learn about good credit, sign up for free education classes, hear about closing cost assistance, learn how to qualify for up to $55,000 in down payment assistance, and learn the steps to qualify for a loan.

Wells Fargo and Union Bank are among the financial institutions supporting the event.

In order to ensure participants get the most out of this fair, they are asked to bring two copies of the following documents:

-Your loan number

-Two most recent pay stubs showing year to date earnings (within the last 30 days)

-Copy of any benefits statements reflecting amount, frequency and duration of benefits

-If self employed, the most recent quarterly or year to date profit and loss statement

-Copy of 2011 income-tax returns

-Two months of bank statements

-Household expense budget

-A letter explaining reasons for current financial situation

-A recent utility bill showing name and property address

-Copy of closing documents and most recent correspondence from your mortgage company

-Most recent property insurance and mortgage statements

The even twill take place from 10 a.m. to 2 p.m. at Luther Burbank Middle School, 6460 N. Figueroa Street, Los Angeles, CA 90042. For more information call (323) 722-3955, register at http://www.mhdcca.org [2]