Housing Event to Help Homeowners

The East family lives in Prince William County, and like many families, wanted to help their three kids out financially, so they took out a second mortgage on their home.

They both had good jobs and Bank of America approved the loan. But the bills began to pile up and Mrs. East, who just turned 65 this year, was diagnosed with breast cancer. 

"If the bank had said 'you can't afford this,' we wouldn't be in this situation," she said.

They were facing foreclosure and needed help—something they did not receive from the bank.

That's when they decided to seek help elsewhere, and found it in a housing advocate for the Department of Community Development for the City of Manassas.

"I was at the point where I thought bankruptcy was the only answer," Mr. East said.

The housing advocate was able to get them in contact with the right people at the bank, help them fill out the paperwork and modify their loan. 

The couple says they are happy now, but displeased with the way the bank handled their case.

"These big companies should have the resources to at least not shrug you off," Mr. East said.

"We weren't behind on our mortgage [yet]," he added. "You shouldn't have to go to a third party for help."

But they are glad they did.The couple was able to stay in their home and did not have to file for bankruptcy. They now have a fixed interest loan.

"People should take the time to see what's available and learn. Don't be embarrassed to come forward and ask for help." 

It may work to your benefit. It did for this family. Mrs. East is now cancer free and no longer living "in total stress."

"I know that everyone in a room knows someone with a problem." And that is why the couple will be helping out at the city's , where attendees will be able to speak directly to a housing advocate, like the one that allowed the East family to stay in their home.

The event is a great opportunity to talk directly to a certified housing counselor/advocate and learn about the various programs that can help you with concerns about your mortgage.