The Enterprise at SouthofBoston.com

The Enterprise at SouthofBoston.com
1 of 3
http://enterprise.southofboston.com/articles/2008/02/13/news/news/news...
Select One:
Wed., Feb. 13, 2008
Full Forecast
LATEST NEWS
THE PATRIOT LEDGER
THE ENTERPRISE
WICKEDLOCAL.COM
WICKED LOCAL TOWNS
AP WORLD &
NATIONAL NEWS
LOCAL WEATHER
LOCAL TV LISTINGS
CLASSIFIEDS
Announcements
Automotive
Employment
Flea Markets
Merchandise
Real Estate
Rentals
Recreation
Services
Yard Sales
RUN YOUR AD
Business
Non-Business
MARKETPLACE
Search
MORTGAGE CENTER
ONLINE DIRECTORIES
Pamper Yourself
In Time of Need
PET DIRECTORIES
Patriot Ledger Pet Directory
Enterprise Pet Directory
KID'S DIRECTORIES
Patriot Ledger Kid's Corner
Enterprise Children's
Directory
DEATH NOTICES
Patriot Ledger
Enterprise
HOME DELIVERY
Patriot Ledger
Enterprise
LOCAL GUIDES
Dining/Entertainment
Golf Guide
Business Profiles
Home & Garden
Business Directory
PLYMOUTH GUIDE
SPECIAL SECTIONS
LOCAL NEWS, SPORTS, FEATURES & OPINION
|
Free mortgage advice for
homeowners in Brockton
By Kyle Alspach,
Enterprise staff writer
BROCKTON— Sam Preval has watched his mortgage
payments rise, the value of his house sink and his
headaches multiply.
Like countless others, the 48-year-old Brockton resident is
worried about the future of his home and his sanity amid the
continuing mortgage crisis.
“I started getting nervous when I realized how tight things
were getting,” Preval said. “I’m now behind (on my payments)
by one month. I don’t want it to escalate.”
Preval was among the 60 homeowners who attended a free
mortgage counseling event Tuesday night at St. Patrick’s
Church in Brockton.
Those attending met one-on-one with volunteer counselors
from local banks and nonprofit groups who offered advice
and referrals to other resources.
The ultimate goal was to help homeowners avoid
foreclosures, which has happened to hundreds in the region
in the past year.
“We plan to do this again some time soon,” said Mayor
James Harrington in remarks at the event.
For Preval, the adjustable-rate mortgage for his Hawthorne
Street home is the problem. His monthly payment jumped
from $1,800 to $2,100 last fall, and it is set to rise another
$200 in April.
Lowest Mortgage Rates
Buying, Refinancing, or Equity Loan please visit my
website.
www.davidlops.com
Low Mortgage
Find Low Mortgage. Search In Your Local Area Now.
Justclicklocal.com
Short Sale Secrets
Step-by-Step Guide To Getting Banks To Discount
Properties by 40%!
www.ShortSaleMagic.com
Free Mortgage Analysis
Mortgage Thoughts, Advice, Q&A Get the Real Answers
Here
mortgagewriter.blogspot.com
DEATH NOTICES
Send us your
News or Sports Tip
Send a Letter to
the Editor
Request a Photo
Reprint
WORLD NEWS
Ads by Google
Divided Turkey
debates rights,
religion
Indonesia issues
tsunami alert
IRAQ
Mideast politics
Hamas profile
Iraq Shrine
Myanmar's
Endless War
NATIONAL NEWS
Clear Channel, fire
victims OK $22M
deal
Law curbing
inmates' lawsuits
questioned
Colo. university
selection upsets
campus
UN says soaring
prices leave poor
hungry
Doc gets 18
months for
removing prints
SPORTS
NASCAR 2006
NASCAR Drivers
SPRING TRAINING
HOCKEY
PRO BASKETBALL
Clemens tells
Congress he is
innocent
Pettitte admits
using HGH in 2004
NCAA: Sampson
misled IU about
calls
ENTERTAINMENT
The Oscars
Even with two jobs — as an office equipment technician and
a staffer at a special needs school — he couldn’t put the
funds together for the payment last month.
On top of it all, his home dropped in value from $289,000 to
$258,000 as the real estate market cooled the past few
Writers end strike;
now they must write
Winkler testifies in
John Ritter lawsuit
CBS announces
2/13/2008 4:38 PM
The Enterprise at SouthofBoston.com
2 of 3
Living Well/Health News
Wedding/Bridal
Education & Training
Coupons
ONLINE PERSONALS
SOUTHOFBOSTON.COM
Archive
Contact Us
Work for Us
Home Page
http://enterprise.southofboston.com/articles/2008/02/13/news/news/news...
years.
“I’m trying to find out what I have available as an option
before it gets too bad,” he said.
It was a similar motive for 36-year-old Laura Joseph of
Plympton, who said she is two months behind on her
payments.
Joseph said that starting a business last year and a custody
battle over her children have put strains on her finances.
FEATURED ADS
“It might cost me my home,” she said, noting that her
payments have jumped from $2,900 to $3,400 a month in
recent months.
BROCKTON, MA
Wicked Local Classifieds
Read more...
The advice given to homeowners all depended on the
seriousness of the situation, said Leo MacNeil, senior vice
president of marketing at HarborOne Credit Union.
Brockton saw 363 foreclosure deeds recorded in 2007, more
than twice the previous year’s total and one of the highest
numbers of any community in the state.
Read more...
Other local communities — such as Bridgewater, Stoughton,
Holbrook and Whitman — saw their foreclosures more than
triple in 2007.
MA
Wicked Local Classifieds
Read more...
MORE WORLD &
US NEWS:
POLITICS
BUSINESS
HEALTH
TECHNOLOGY
OFFBEAT
STORIES
Woman, 89, uses
ax to get back
home
Radio station
giving away free
divorce
Wis. ends
sturgeon-spearing
season
“In some cases, there’s hope for refinancing,” he said. “In the
worst case, they might have to the accept the fact they won’t
be able to stay in this home.”
Southeastern Massachusetts has been hit hard by the
mortgage crisis.
BROCKTON, MA
Wicked Local Classifieds
return dates for 14
shows
Tuesday’s event was organized by the Brockton Housing
Partnership, the Brockton Interfaith Community and the city
of Brockton.
Kyle Alspach can be reached at
[email protected]
Give us your opinion on this story.
The Enterprise
60 Main St.
P.O. Box 1450
Brockton, MA 02303-1450
(508) 586-6200
AP INTERACTIVE
Ice Climbing
An interview with
jazz great Chick
Corea
The Hurricanes:
Six months later
Pet pampering
Mining Safety
Death Penalty
State-by-State
Federal Reserve
Quiz
Perspectives:
'Baby Boomers'
9/11 Assessment
CIA Leak
Investigation
Tracking Avian Flu
Fighting the Flu
The Supreme
Court
Oil Crunch
Freedom of
Information Act
Iraq War
Casualties
Database
CONTACT US
Free Mortgage Analysis
Mortgage Thoughts, Advice, Q&A
Get the Real Answers Here
mortgagewriter.blogspot.com
Income Property Cash Flow
0% Down Pmt / 100% Financing
$200-400/mo Cash Flow w/Prop
Mgt.
CashFreeInvestors.com
Mortgage Refinance
Top 5 Websites For Mortgage
Refinance
www.Click-Request.com
Mortgage
FHA w/low down money. No FICO?
97%Purchase or 95% Refi w/
Cash-out
www.mycarteret.com
CONTACT US
The Enterprise, 60 Main St., P.O. Box 1450, Brockton, MA 02303-1450
Telephone: (508) 586-6200
2/13/2008 4:38 PM
The Enterprise at SouthofBoston.com
3 of 3
http://enterprise.southofboston.com/articles/2008/02/13/news/news/news...
2/13/2008 4:38 PM
`