The Obama Administration is hoping to shore up the economy by helping homeowners.
Mortgage experts held a free event Tuesday to counsel people fighting foreclosure. Each person who visited the seminar was able to sit down and talk to a mortgage expert about their options.
"My lender is a west coast lender, so I had never met them before," said Jeffy Blythe, who visited the free event at the Convention Center.
After a pay cut, Blythe found himself 11 months behind on his house payment. For the first time, he asked for help.
“They’re willing to help me out of it,” he said.
Overall, 15 banks were willing to help hundreds modify loans so people like Blythe can keep their homes.
According to the state’s housing finance agency, nearly 60,000 people file for foreclosure every year. Executive Director Bob Kucab said the state’s high long term unemployment rate is to blame.
"They frequently will exhaust their savings and other resources available and they just need help making their mortgage payment until they can secure their next job or get some training or go back to school,” he said.
That’s why the North Carolina Foreclosure Prevention Fund was created 14 months ago and offered at Tuesday’s event.
So far, 600 Mecklenburg County residents are enrolled. More than 4,000 people statewide are enrolled in the program.
"We encourage people to connect before they go delinquent, when they lose their job or believe they're going to lose their job,” Kucab said.
Ellen Horai is one of the people the program is designed to help. She is unemployed but knows that she needs to find help now.
“I’ve been able to keep everything current, but it’s getting extremely difficult,” she said.
The agencies behind Tuesday’s event said they likely will not be back to Charlotte for a few years, but there is information on help at makehomeaffordable.gov.