Federal Housing Finance Regulatory Reform Act of 2008
Boca Raton, FL (PRWEB) August 16, 2008
Freedom Debt Management ("FDM"), a 501(c)(3) non-profit provider of financial literacy and budget counseling will host a free "Foreclosure Prevention Workshop" for residents of Palm Beach and Broward Counties on Wednesday, August 20th, 2008 at 6:30PM. It will be held at FDM's headquarters located at 941A Clint Moore Rd, Boca Raton, FL 33487
FDM has refocused a substantial part of its counseling resources to the housing crisis as South Florida is one of the hardest hit areas. Mr. Darish Still, Director of Education for FDM and author of their financial literacy guide entitled Your Money states "The biggest mistake people make is not communicating with their lending institution as soon as they recognize their ability to make the payments is threatened."
President Bush signed the "Federal Housing Finance Regulatory Reform Act of 2008" on July 30th, making this workshop quite timely. Referenced as the "Hope for Homeowners Act" by many; FDM's goal is to help people position themselves to take advantage of the program when it takes effect October 1st, 2008. "It all starts with a budget" Mr. Still continued, "people need to begin tracking their income and expenses closely and if needed, seek help from a financial counselor to develop a workable budget or spending plan."
Attendees will learn what it takes to qualify for the new aid, along with any other options that currently exist for those struggling with mortgage payments.
For Further Information or to receive a free copy of FDM's Financial Literacy guide please call:
Director of Education
Freedom Debt Management