At work: Patricia Hull, housing counselor
Jun 21, 2009 -- By Nancy Jones-Bonbrest -- The Baltimore Sun
BALTIMORE--Patricia Hull, a former real estate agent, has changed the focus of her counseling from guiding people into homeownership to showing them how to keep their homes.
... It typically takes 60 to 90 days to get an answer from lenders as to whether they are agreeable to refinancing or modifying a loan or lowering a mortgage payment. During this time, Hull recommends that clients call their lenders weekly or every other week to check in.
Hull said the housing atmosphere has changed from seeing primarily clients with unfavorable loans to those who need assistance because of economic hardship. The federal Making Home Affordable program has helped open up options to homeowners, Hull said. This includes greater access to lenders and a consistency in how lenders work with customers.
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