Wells Fargo Housing Foundation has awarded Community Connection of Northeast Oregon a $3,000 grant for their Housing Resource Center for work on foreclosure-avoidance counseling.
Community Connection provides counseling to homeowners at risk of losing their homes to foreclosure. Their certified foreclosure intervention and default counselor counsels homeowners on options and strategies to retain ownership of their homes.
This includes available programs for loan reinstatement and mortgage payment reduction. Also included is financial capability counseling, which involves current and projected budgeting, credit report review with options and strategies to improve score, money management and debt repayment plans.
Last year, Community Connection's efforts in foreclosure avoidance counseling saved homeowners a total of $448,732.65 and saved 38 homes from foreclosure.