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KCCD OFFERS FREE FORECLOSURE COUNSELING TO ALL COMMUNITIES
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"KCCD helped me to reduce my interest rate from 9.5% to 2.25% and lowered my monthly payment from $6300 to $2300!
Thank you KCCD!"
-Soo-ji Choi, Sunland, CA
"I lowered my interest
rate to 1% which helped me to keep my house from foreclosure!"
-Cindy Pak,
La Crescenta, CA
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Fore more information on KCCD's programs, resources, and partnership opportunities, please visit
www.kccd3300.org
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Los Angeles, CA - On November 1, 2008, KCCD hosted its 2nd Home Preservation and Foreclosure Prevention Fair at Berendo Street Baptist Church. With the foreclosure crisis rising to more than 460,000 here in California alone, KCCD's efforts drew more then 250 Korean Americans from Southern California to educate and provide resources for home preservation. Many participants acknowledged their lack of knowledge of the foreclosure process and expressed their sincere gratitude and appreciation.
KCCD President & CEO Hyepin Im stated, "We were very encouraged to see over 250 participants turn out for this event since recent statistics show that over 800 Korean American families are going into foreclosure every month in So. California. Participant stories of their desperation and their frustration in trying to seek assistance to save their home and getting no where or being defrauded was tragic and disheartening. Thankfully, KCCD can offer some foreclosure prevention solutions to these families thanks to many of our partners and dedicated counselors."
Jin Kim, KCCD Executive Director stated, " The turnout shows that the need is so much greater than what we can currently provide. We look forward to having more partners come on board to continue this valuable and desperately needed service to the community."
Speakers participating in the fair included representatives from the U.S. Department of Housing and Urban Development, LA County Department of Consumer Affairs, LA County Tax Assessor's Office, Asian Pacific American Legal Center, Legal Aid Foundation of Los Angeles along with Heather Peters, State of California Deputy Secretary for Business Regulations and Housing. They provided valuable information and much needed guidance regarding the prevalent foreclosure scams preying on desperate homeowners.
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Fair Topics
Foreclosure and Loss
Mitigation Process
Foreclosure Scams
Property Tax Implications
Landlord / Tenant Issues
Basic Legal Implications
During Foreclosure
Process
Real Estate Crisis:
A Great Buying Opportunity
Short Sale / REO Process
Hope for Homeowners
KCCD Homeownership Preservation Counseling
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Participating Speakers
Morella Lombardi, U.S. Department of
Housing and Urban Development
Heather Peters, Deputy Secratary for Business Regulations, State of California
Hyepin Im, President & CEO, KCCD
Jin Kim, Executive Director, KCCD
Marizha Gutierrez, LA County Department of Consumer Affairs
Carol Quan, LA County Tax Assessor's Office
Anthony Roh, Asian Pacific American Legal Center
Dorothy Herrera Settlage, Legal Aid Foundation of Los Angeles
Henry Han, Real Estate Crisis
Michelle Agard, Short Sale/REO Process
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