Land Trust Helps Save 100 Homes from Foreclosure

LACONIA — Laconia Area Community Land Trust (LACLT) has reached another milestone. LACLT has helped 100 local families save their homes from foreclosure since 2008.

LACLT is a HUD housing counseling agency. Foreclosure education and counseling are offered free of charge as part of LACLT’s Homeownership and Financial Success Program.

According to LACLT Homeownership Director and Housing Counselor, Debra Drake, most of the 100 have had their mortgages modified through the Home Affordable Modification Program (HAMP). Drake will review all available options with her clients, guide them through the process, and assist with paperwork and communications with the lender or loan servicer. She is also able to help clients prepare a crisis budget.

Drake urges those facing foreclosure to seek help as soon as they begin having difficulty paying their mortgage. She also warns homeowners to beware of loan modification scams. Scam artists prey on homeowners who are facing foreclosure. Homeowners are losing thousands of dollars and their homes. More information about foreclosure scams is available at loanscamalert.org.

For foreclosure prevention assistance, contact Drake at 524-0747.

For more information about LACLT or to make a tax-deductible donation, visit www.laclt.org. LACLT is a member of NeighborWorks America and is supported in part by membership donations and the Lakes Region United Way.