National, State Officials and Stakeholders Launch Texas Foreclosure Prevention Task Force
US Department of Housing and Urban Development Secretary Alphonso Jackson, State Senator Royce West, TDHCA and approximately 50 partner organizations announced the launch of the Texas Foreclosure Prevention Task Force at a March 17, 2008 press conference at the United Way of Metropolitan Dallas. The purpose of the Task Force is to lead an information campaign to assist Texans facing or experiencing foreclosure.
The Task Force is a network of Texas nonprofits and numerous industry and community stakeholders at the national level who have come together to help reduce home mortgage foreclosures and the impact of foreclosure on Texas families and communities.
The primary goal of the statewide Task Force is to raise awareness about the nationally endorsed Homeowner's 888-995-HOPE Hotline, available to all Texas homeowners struggling with their mortgage payments. The toll free, 24/7 hotline connects callers to local resources for free services such as those provided by HUD approved foreclosure prevention counselors, as well as credit counselors, and others.
"The central message of this campaign is that foreclosure is not inevitable," said Michael Gerber, TDHCA Executive Director noted, emphasizing the importance of early communication between homeowner and lender. "The bank doesn’t want your home; they want to talk to you and find a solution. If you are a homeowner facing a foreclosure, there is nothing worse than doing nothing."