 
Help prevent foreclosure - donate to PACC.
December 2010
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Dear Michelle,
Here is a story of one of PACC's clients:
When she came to
PACC in April 2009, Faith had fallen behind six months with her
mortgage payments. She had bought her home in Far Rockaway in 2005,
without realizing that she had an adjustable rate mortgage. After
expensive and much needed repairs to the plumbing system, her higher
monthly mortgage payments of $2800 were impossible for her to manage.
She faced losing her home and being on the street. PACC contacted her
loan servicer and after lengthy negotiations, Faith was placed on a
forbearance plan in December 2009. Her payment has been reduced from
$2808 to $1627. Faith is now focused on working and saving her money to
ensure she is able to keep her home. Faith says "The counselor at PACC
was phenomenal, she was very reassuring and professional, and
understood my situation perfectly. I could not have done this on my
own. Thanks to PACC the process was expedited quickly and successfully
and I don't feel like I am drowning anymore. Thanks Guys!! "
" The counselor at PACC was phenomenal ...
I don't feel like I am drowning anymore".
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Many
other Brooklyn families are in dire straits and need help. In 2010,
Brooklyn had the highest rate of foreclosures in the City and PACC's
counselors intervened on behalf of over 189 homeowners who were facing
foreclosure But it's not only Homeowners who are facing home loss -
tenants too face losing their homes and PACC is helping many tenants in
distressed multi-family housing.
As we face job
loss, a staggering debt burden and a credit squeeze, those hardest hit
are the very people that need help the most. With so many problems,
it's easy to be overwhelmed but you can make a difference.
We ask you to
make a generous donation to fund foreclosure intervention counseling
and assistance for families in Central Brooklyn. With your support we
will continue to intervene and prevent home loss, advocate for those of
limited income and develop and preserve affordable housing in Central
Brooklyn.
Build community with a donation to PACC.
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Please give generously!!! You can donate here or by visiting our website www.prattarea.org . Happy Holidays!
Best wishes,
Mariadele
Priest
Deb Howard
Board
Chair
Executive Director
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| P.S. Of course, since PACC is a not for profit 501c 3 organization your donation is tax-deductible. |
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