(SAVANNAH) Recent data from the U.S. Department of Housing and Urban Development (HUD) shows that counseling is an extremely effective way to help consumers facing foreclosure and improve communication between consumers and lenders. Consumer Credit Counseling Services of Savannah does just that by helping local residents get control of their mortgages.
“For many years, our network of trained and certified counselors has helped consumers avoid foreclosure,” says Sonny Colley, President of CCCS of Savannah.
”In the current housing crisis going on both locally and nationally, we are prepared to stand by consumers to provide assistance and do everything possible to keep them in their homes.”
Facts about the current situation:
Americans owe close to $13 trillion in mortgage debt.
The number of foreclosed homes in the first six months of 2007 surged by 58 percent. That equals approximately 573,397 homes in danger.
Most analysts predict that the condition will worsen through the end of the year, with 2.5 million first mortgages defaulting in 2007.
Close to 50 percent of consumers whose homes face foreclosure never speak to their lender prior to foreclosure.
CCCS of Savannah was established in 1965. It is a non-profit community based organization that helps people manage debt by setting up a budget and payment plan. To date, the local CCCS offices have returned more than $70 million to creditors; money that would have otherwise gone unpaid or been lost to bankruptcy.
CCCS of Savannah is open from 9am-5pm Monday through Friday. Evening appointments are available at 4:30 and 6:00 on Tuesdays and Thursdays. The office is located at 7505 Waters Avenue, Suite C-11. For more information, log on to www.cccssavannah.org or call 912-691-2227.
In addition to the main office there are several CCCS satellite offices. They are in Statesboro (912) 489-2227, Brunswick (912) 261-0060, Hinesville (912) 370-2227, Beaufort (843) 379-2227.