Quality of Life

HOPE hotline will connect callers with local non-profits to help people keep their homes

Raleigh –  Help for North Carolinians who are at risk of losing their homes to foreclosure is now just a telephone call away, Attorney General Roy Cooper and the Office of the Commissioner of Banks announced today.

“It’s tragic when families lose their homes, especially when it could be prevented,” Cooper said.  “One toll-free call could give them the advice they need to stop foreclosure.”

North Carolinians can call the HOPE Hotline toll-free at 888-995-HOPE 24 hours a day, seven days a week to receive free counseling on options to avoid foreclosure.  The hotline will connect callers with non-profit housing and credit counselors in their local community who can advise them about options such as modifying their loan, selling or refinancing their home or setting up a repayment plan with their lender.

“Homeowners struggling to pay their mortgage need to know there are resources available to help them avoid foreclosure.  Call the NC HOPE Hotline and you may be able to save your home,” said Deputy Commissioner of Banks Mark Pearce.

While North Carolina has not experienced the wave of foreclosures seen in many other states due to our strong laws against unfair loans, foreclosures are on the rise in the state.  Foreclosure starts were up 9.4 percent in North Carolina in 2007 and are expected to increase by 10 to 20 percent in 2008, according to the Commissioner of Banks’ office.

According to research by Freddie Mac, more than half of all homeowners who experience foreclosure never contact their mortgage company to try to avoid unnecessary foreclosure.  Mortgage servicers and lenders have a strong incentive to help homeowners avoid foreclosure because they stand to lose $40,000 to $50,000 in net value when a typical home loan is foreclosed.  Finding a solution to foreclosure can be in the best interest of both the homeowner and the lender.

Cooper and the Commissioner of Banks have teamed up to provide $300,000 in seed money to reimburse counselors who are able to help prevent unnecessary foreclosures for North Carolinians who call the hotline, with more reimbursement going to counselors who are able to help homeowners keep their homes.  Additional funding from Congress and the General Assembly could expand access to local counselors through the hotline.

Local non-profits will also be able to connect hotline callers with other resources as needed, such as referrals for legal help when there is evidence that the homeowner may have been the victim of predatory or abusive lending practices.   The Attorney General’s Office will be notified when there is a pattern of lending abuses and can take action to enforce North Carolina’s strong laws against predatory lending. 

Counselors can also help connect homeowners who qualify with Federal Housing Administration secure loans.  In some cases, non-profits may be able to purchase a home before it is foreclosed upon and then lease it back to the homeowner, applying their lease payments to the purchase of the home.

The national Hope Hotline is a joint project between NeighborWorks America, a non-profit organization chartered by Congress, and the Homeownership Preservation Foundation, a non-profit organization based in Minnesota.  The Commissioner of Banks and Attorney General Cooper are working together to select and support more than 20 high-quality counseling agencies across the state to accept referrals from the national Hope Hotline.  These local counselors will be able to provide assistance not currently available through the national hotline.

“Foreclosures are hurting families across our state and damaging our neighborhoods and communities,” said Cooper.  “It’s in all of our interest to help homeowners find a way out of foreclosure when possible.”

More information about the hotline and the organizations involved is available at www.ncforeclosurehelp.org.

Congratulations to our local hometown paper the BannerNews on their launch of an online version of the weekly paper. The Belmont Front Porch has added your link under our column of “websites of interest” (below).

We sincerely welcome Republic Newspapers and the reporters and editors of the Belmont Banner and Mt. Holly News to the 21st century and wish them well.

As we have noted before, as subscribers and neighbors, we DO appreciate your efforts to report on the “Good News”, as former editor Dwight Frady would often comment. Your commitment to the communities is evident by this upgrade to your service.  

This particular development, after a few trial and error “semi-launches”, is particularly welcome after the Observer announced continued cutbacks to its service in Gaston County. Recently, the Observer announced that it would only publish the Gaston/Lincoln Neighbors section on Sundays.

The BannerNews, by adding the online edition will fill a small part of the weekly good news void for those people who use the internet on a regular basis. It is a great resource for our children,  former neighbors, and grandchildren who have moved away from the area.

Maybe this blogsite has tweaked area media outlets a bit. Maybe they didn’t like being upstaged a few times. We don’t care either way, Belmont seems to be getting better coverage across the board for everything from the Abbey’s personnel policies and the monastic community lifestyle to our Belmont politics and school functions.

 (Gazette Photo)

Even the local paper, the BannerNews has dramatically cleaned its lense (well, except for the sports reporting) and scope.

The Abbey has made news with sports – doing well; With the faculty/staff personnel policies — opportunity to debate faith adherence practices versus having a job — or not. And, what it is like to become a member of a religious order.  

An explanation of a Monk’s Life —from Mount Angel Abbey, a Bendictine community in Oregon:

Locally, the more vocal religious fundamentalists certainly support the Abbey’s stance on taking away women’s health choices. Those supporters, both Catholic and Protestant appear to have a public viewpoint and a completely different set of values in their private lives. But hey, why would we call a spade, a spade, just for the heck of it?

The Catholic Church’s stance has been unwavering for 1500 years in their view towards women. Most Protestant denominations are closer in philosophy to the Universal Church than they think.

Unfortunately, the shrinking numbers of the priestly vocation, even in the developing world, contributes the crisis of faith by many Catholic-born. 

Local dioceses are ordaining fewer and fewer young and middle-aged men into the priesthood. Those who are entering are more fervently “conservative” and sometimes downright misogynistic in their practice of faith leadership to the faithful and seekers.

The local bishop, Peter Jugis of Charlotte, has a Belmont connection. He served as pastor of Queen of the Apostles a few years ago. Rarely did he venture out into the community unless heavily prompted by a few notable citizens. Upon appointment as leader of one of the fastest growing dioceses in the US, he issued a politically inspired letter threatening excommunication toward any Catholic who would vote for pro-choice political candidates.

Is it any wonder that the largest parish in Gaston County, St Michael in Gastonia, has had at least 4 pastors in the past 6 years?

In this ramble of an entry, it is good that the Abbey, its practices and operations, are becoming more transparent to the larger community. As the “driver” of the second or third largest land tracts in the area, it is a smart move to keep an outreach going with the traditional media outlets, many of whom like to think that they can guide debate along their own agenda pathways.

We prefer to be a bit more skeptical.

Link to Gazette video of  celebration of vows of two newest brothers:

http://link.brightcove.com/services/link/bcpid1155201824/bclid1155106715/bctid1410389962