- Brothers Redevelopment to provide foreclosure counseling in Wyoming.
- It will establish a Wyoming Foreclosure Hotline.
- Brothers already operates the Colorado Foreclosure Hotline.
Brothers Redevelopment Inc., an Edgewater-based nonprofit housing group, has been selected by the Wyoming Attorney General’s Office to provide free foreclosure-prevention counseling services to homeowners in Wyoming.
As part of the agreement, Brothers will establish a Wyoming Foreclosure Hotline (1-855-996-2256) and send HUD-approved housing counselors throughout the state to connect with homeowners face-to-face. Brothers operates the Colorado Foreclosure Hotline, 1-877-601-HOPE (4673.)
“As a proven leader in helping the Rocky Mountain region address its most pressing housing challenges, Brothers Redevelopment is honored to work with the Wyoming Attorney General’s Office to help homeowners hold onto their homes,” said Brothers Redevelopment President Jeff Martinez.
The Wyoming Foreclosure Hotline will serve as a central point of contact for homeowners to connect with a foreclosure-prevention counselor. Homeowners who call the Hotline will be able to set an appointment with a HUD-approved housing counselor.
“Wyoming Hotline counselors will be charged with helping homeowners in foreclosure understand the process as well as provide support while applying for workout strategies including forbearance, loan modification, short sale or principal reduction,” said Brothers Redevelopment Housing Counseling Director Shannon Peer, who will oversee the new Wyoming Foreclosure Hotline. Above and beyond helping those actually in the foreclosure process, the Wyoming Foreclosure Hotline will offer counseling for homeowners who are current but struggling or have missed one or more mortgage payment. That counseling will focus on financial education including budget management.
Wyoming Hotline staffers will coordinate with the Attorney General’s office, lenders and loan servicers and other community leaders to help Wyoming homeowners.
After a dip in new foreclosure filings the last quarter of 2012, the current trend, according to RealtyTrac, has been a slight increase in volume. The five Wyoming counties with the most foreclosure activity are Niobrara, Campbell, Lincoln, Hot Springs and Sublette.
Brothers Redevelopment’s years of experience as administrator of the nationally-recognized Colorado Foreclosure Hotline and experience implementing innovative strategies to reach homeowners in Colorado were factors in the agency’s selection by the Wyoming AG.
As one of region’s largest and most active housing counseling agencies, Brothers has headquartered and managed the Colorado Foreclosure Hotline, a call center network of some 26 housing counseling agencies.
Recognized nationally for administering the Colorado hotline, Brothers has received more than 170,000 calls through the hotline over the past seven years and worked with network affiliates to facilitate favorable outcomes for tens of thousands of homeowners.
In addition to overseeing the Colorado and Wyoming foreclosure hotlines, and providing housing counseling to thousands each year, Brothers also provides affordable housing for more than 700 low-income, elderly and disabled residents; works with more than a dozen metro area local governments to provide minor and emergency home repairs that improve safety and mobility for income qualified residents; and works with thousands of volunteers to paint the homes of senior and disabled homeowners through the Annual Paint-A-Thon.
For more information, go to www.wyomingforeclosurehotline.org or email email@example.com.
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