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News Release

FOR IMMEDIATE RELEASE
February 12, 2009
Keyneica Jones, Management Analyst
Economic Development Department
951.413.3450  keyneicaj@moval.org


City of Moreno Valley hosts
Foreclosure Prevention Workshop Series

Moreno Valley- In an effort to help Moreno Valley residents reduce their risk of home foreclosure, the City is sponsoring a series of six free foreclosure prevention events, beginning with a half-day Foreclosure Prevention Kick-off on Saturday, February 28th from 9:00 a.m. to 3:00 p.m. at the Moreno Valley Conference and Recreation Center.  Free parking and light lunch will be available.

Foreclosure Prevention Kick-off partners include keynote speaker, Congresswoman Mary Bono Mack, and the Fair Housing Council of Riverside County.  Participants include, but are not limited to, the following resource organizations: Community Assistance Program, Franchise Tax Board, Internal Revenue Service, Riverside County Assessor-Clerk Recorder’s office, Riverside County District Attorney, Neighbor Works America, Riverside County Workforce Development Center, Springboard, as well as various lenders.

The Congresswoman supports these efforts being made by the City of Moreno Valley in her assertion that “this workshop is a valuable opportunity for local residents to speak face-to-face with experts and get the timely information they need to make important financial decisions.  Whether individuals are facing foreclosure or looking to buy a new home, being informed can make all the difference.  Our region is being hit especially hard by the foreclosure crisis, and I commend the City of Moreno Valley for hosting this worthwhile event.” 
 
Panelists will provide information and resources intended to help residents evaluate their specific situations and avoid foreclosure.  Attendees may also meet one-on-one with representatives from mortgage lenders, credit counseling agencies and social service providers to discuss specific needs.  Breakout sessions will give homeowners the opportunity to learn more about the loan modification, short sale, or foreclosure processes.  Breakout session topics include:

  • Can my home be saved from foreclosure?
  • Where do I go from here?
  • What programs and services are available for homeowners?
  • Don’t Avoid Your Lender - Contact your lender early and discuss all available options
  • How do I avoid scams that promise to get my home out of foreclosure?
  • Effective household budgeting to minimize unnecessary expenses
  • Overview of Federal, State, and local tax implications
  • Social service programs available to assist families in need

In addition to the February 28th Foreclosure Prevention Kick-off, the City will also host five smaller workshops, one in each of Moreno Valley’s five City Council Districts.  These evening workshops will begin in March with dates and locations available on the City’s website at www.moval.org.  The workshops will provide information and resources similar to that presented at the Kick-off.  The workshops are being offered to provide alternate opportunities for homeowners who were unable to attend the Kick-off to obtain this valuable information.  Light refreshments will be provided.

RSVP to the Neighborhood Preservation Division of the Economic Development Department by February 23, 5:00 p.m. by calling 951.413.3450 or email np@moval.org.   RSVPs are requested, not required.

Resource links related to foreclosure are available at www.moval.org.  Additional information may also be obtained by contacting the Fair Housing Council of Riverside County at (951) 653-8314 or HUD’s Hope for Homeowners Program at (800) 225-5342.