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Mortgage Counseling At Cobo Center

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DETROIT (WWJ) – A steady flow of struggling homeowners have been filing into Detroit’s Cobo Center to meet with counselors and other specialists on ways to avoid foreclosure. 

As part of Bank of America’s commitment to providing assistance to customers who are experiencing financial hardship, Bank of America is hosting a free, three-day outreach event where customers can meet face-to-face with Bank of America Home Retention Specialists to review options for home loan modifications or other alternatives to foreclosure.

WWJ talked with Bank of America spokeswoman Diane Wagner, who said whether you’re in the early stages of foreclosure, or simply trying to avoid entering that process, you are welcome to attend.

“If they need a refinance, if they need a loan modification, we’re here,” Wagner said.

“If people are not sure we ask them to come in because we do have a lot of our nonprofit partners that are here, that can also help them with financial knowlege and literacy, as far as how to establish a budget, things to look form questions to ask,” she said.

 The event will run Thursday, March 3 through Saturday, March 5, 2011 between 9 a.m. and 8 p.m. at the Cobo Center, on the Second Level of the Wayne Section.

Bank of America customers can register to participate by going online to www.bankofamerica.com/outreachevent or by calling 1 (855) 201.7426 (this is a toll-free number).

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