Mid-South News
4:50 am
Wed November 26, 2008

Beware: Mortgage Workout Fraud

Memphis, TN – Memphis leads the country in many areas, including foreclosures. Candice Ludlow spoke with some who thought they'd found help to stay in their homes.
Gwendolyn Jeffery met Denise Patrick of Patrick and Patrick Loss Mitigation Services while evicting a tenant from the house that she and her husband had raised their three children in. They had just signed a contract on an upscale Germantown home when Gwendolyn's husband Lieutenant Wendell Jeffery died in October of 2005 while working for the Memphis Fire Department. At that time, they owned four houses, renting three. Gwendolyn went through with the contract on the new house because her teenage daughter was having nightmares, and having visions of her father, so a counselor suggested that they move. Since then, three of their homes have foreclosed.
Foreclosure mitigation services are available through area Community Development Corporations, Tennessee Housing Development Agency, and Memphis Area Legal Services.

Tennessee Housing Development Agency
http://www.thda.org/

Memphis Area Legal Services
http://www.malsi.org/specialprojects.php
(901) 523-8822 and (901) 432-4663

Affordable Housing CDC #92
206 East Main Street
Jackson, TN
(731) 422-1366

Financial Counselors of America
3294 Poplar Avenue, Suite 304
Memphis, TN
(901) 722-5000

Frayser Community Development Corporation
3684 N. Watkins
Memphis, TN
(901) 354-9402

Hope for Tomorrow
3115 Park Avenue
Memphis, TN
(901) 414-3308

Jackson Housing Authority
125 Preston Street
Jackson, TN
(731) 422-1671

Memphis Area Legal Services
109 North Main Street
Memphis, TN
(901) 523-8822

Southeast Memphis Community Development Corporation
3150 Lenox Park Dr., Suite 420
Memphis, TN
(901) 273-2870

United Housing, Inc.
51 North Cooper
Memphis, TN
(901) 728-6924

VECA Community Development Corporation
1680 Jackson Avenue
Memphis, TN
(901) 276-1782

The Works Inc.
1471 Genesis Circle
Memphis, TN
(901) 947-7076