Thousands of homeowners in the Cleveland Ohio area are facing foreclosure because they are behind on their home loans. They need mortgage delinquency counseling to help them avoid losing their homes. JP Morgan Chase is helping Cleveland homeowners who are struggling with their mortgages by opening a local center. These new mortgage help centers popping up all over the place are here to help people in danger of foreclosure, or those who just need some advice and assistance to get back on track with their payments.
The location in Cleveland is in the M.K. Ferguson Building at Tower City Center. The bank is hoping that the face-to-face contact with potential home-owners will help them tap into a greater market share. This center is one of the first of its kind in the area, and is part of a larger nationwide initiative. Other borrowers can go to meet a housing counselor to discuss their mortgages serviced by companies such as Chase, EMC Mortgage Corp, and Washington Mutual. People who have mortgages with high interest rates or that are for long periods of time can get help.
Assistance offered at the Cleveland center
If you need services from this company, it is best to call and make an appointment. They may be able to help you if you walk in, but it’s not guaranteed. After you make an appointment and come by, you will be able to sit down with an advisor. One of the important things is that people will talk to each other face to face. They will need to understand your personal circumstances and financial situation. Be sure to bring documentation of your current loans, pay stubs, tax returns, household expenses and debts, and any other financial information about you.
The counselor will assess your situation, and attempt to find a loan modification that works well for both the lender and the homeowner. The options that are being discussed may involve reducing the amount of money that is owed on the mortgage, or taking the time to review all of the different options that are available from JP Morgan Chase for mortgage assistance. If the borrower’s home is in danger of foreclosure, the lender will work with the borrower to find ways to avoid foreclosure or plan for what to do after foreclosure.
To make an appointment or learn more about mortgages from Chase, Washington Mutual or EMC, borrowers who are late or delinquent can make appointments at the Cleveland center by calling 216-802-4128. The center will be open from 10 a.m. to 7 p.m. from Monday to Thursday, 9 a.m. to 6 p.m. on Friday, and 9 a.m. to 1 p.m. on Saturday. Chase has created these local homeownership centers to help borrowers discuss their housing and financial situation with trained counselors and advisers. They are just one part of a variety of initiatives that have been created to help families stay in their homes whenever possible. The purpose of this meeting is to come to a solution that is agreeable to both the homeowner and the lender.