Foreclosure Prevention

Taking Control & Avoiding Foreclosure

Mr. Edwards is a 54 year-old widower whose wife died in June of this year. His wife had no life insurance and, with the sudden loss of her $2,200 per month income, Mr. Edwards could not make the house payment on their East Nashville home.

Mr. Edwards was five months behind and foreclosure was imminent when he contacted the Woodbine Community Organization (WCO) seeking help. After a review of Mr. Edward’s situation it became clear that there was no work-out option that would allow him to keep his home. He was not eligible for the WCO rescue funds, which would not have solved his problem anyway.

Woodbine Community Organization confirmed that Mr. Edwards simply could not afford the house on his current income and advised him to sell and downsize. They also advised him to request adequate time from his mortgage company to do a preforeclosure sale and seek an experienced realtor who had done “short sales.” WCO also helped Mr. Edwards in developing a budget so that he could live within the limits of his reduced household income. The mortgage company agreed to give Mr. Edwards time to sell his home, and he was able to continue to live in the house without making payments while it was on the market. He got an experienced realtor to list it who has since obtained a contract on the house as well as a back-up contract. It looks like the house will close; Mr. Edwards will realize about $50,000, avoid foreclosure and will move to a more affordable home.

If Mr. Edwards had not sought help from Woodbine Community Organization, he would have lost all the equity in his home and experienced a foreclosure and eviction. With no savings and poor credit, he would have had extreme difficulty even finding a place to rent.

Foreclosure Counselors

East Tennessee

Chattanooga Neighborhood
Mimi Turner
Chattanooga
1301 Market Street
423-756-6250
mturner@cneinc.org

Clinch Powell RC&D
Stephanie Wesson
Rutledge
7995 Rutledge Pike
865-828-5927
stephanie@clinchpowell.net

Eastern Eight CDC
Debbie Perry
Johnson City
221 E. Unaka Ave.
423-232-5097 x316
dperry@e8cdc.org

Knox Housing Partnership
Yvonne Hall
Knoxville
109 North Winona Street
865-637-1679
yhall@khp.org

Knoxville Area Urban League
Aaron Kyle
Knoxville
1514 East Fifth Avenue
865-524-5511
Akyle@thekaul.org

Middle Tennessee

Affordable Housing Resources
Jarmaine Betts
Nashville
1011 Cherry Ave.
615-251-0025 x239
jbetts@ahrhousing.org

Citizens for Affordable Housing
Patricia Davis
Nashville
Terrace 1, 295 Plus Park Blvd.
615-361-9101
cfahi@bellsouth.net

Dominion Financial Management, Inc.
Regina Harvey
Smyrna
660 Fitzhugh Blvd.
615-220-5858
regina@dominionfinancial.org

Financial Counselors of America
David Huey
Nashville
3200 West End Ave. Suite 500
615-783-2856
david@financialcounselors.org

GAP Community Development Resources
Teresa Burns
Franklin
129 West Fowlkes
615-591-4345
teresaburns3@aol.com

Life of Victory International Christian
Brenda Bryant
Lavergne
253-A Old Nashville Highway
615-213-1468
brenda.lifeofvictory@comcast.net

Residential Resources
Rosalind Robinson
Nashville
604 Gallatin Rd., Suite 103
615-650-9779
rrihome@aol.com

The Housing Fund
Angela Belcher
Clarksville
933 Madison St.
931-572-8454
abelcher@thehousingfund.org

Woodbine Community Organization
Rod Williams
Nashville
222 Oriel Ave.
615-850-3453
rodwilliams47@yahoo.com

West Tennessee

Affordable Housing CDC
Lisa Dawson
Jackson
206 East Main St.
731-422-1366
nancy_ahcd@bellsouth.net

Financial Counselors of America
Robert Hanusovsky
Memphis
3294 Poplar Ave., Suite 304
901-722-5000
robert@financialcounselors.org

Jackson Housing Authority
Geneva Gibson
Jackson
125 Preston St.
731-422-1671
ggibson@jacksonha.com

Memphis Area Legal Services
Brooke Sarden
Memphis
109 N. Main St.
901-523-8822
bsarden@malsi.org

Southeast Memphis CDC
Mable Hudson
Memphis
3150 Lenox Park Dr., SUITE 420
901-273-2870
mhudson0212@yahoo.com

The Works Inc.
Rhonda Rucker
Memphis
1471 Genesis Circle
901-947-7076
curtis.thomas@theworkscdc.org

United Housing, Inc.
Emily Clark
Memphis
51 N. Cooper
901-728-6924
eclark@uhinc.org