Hoping to be home for the holidays
"Home Preservation Day" in Van Nuys today has nothing to do with new plumbing and a paint job. Instead, financially troubled homeowners are gathering for a mass counseling session to find out how to save their houses.
As many as 4,000 homeowners behind in their mortgage payments have been invited by IndyMac Federal Bank to attend the session, where they will learn about options, including loan modifications, that could keep a roof over their head.
Bank counselors will be at the San Fernando Valley municipal center in Van Nuys at the Marvin Braude Constituent Services Center from 10 a.m. until 3 p.m. It's at 6262 Van Nuys Blvd.
IndyBank executives said more home preservation days were planned in other areas experiencing high numbers of home foreclosures. The bank, in trouble itself and under the conservatorship of the Federal Insurance Deposit Corp., is sponsoring today's event in conjunction with the city of Los Angeles Neighborhood Housing Services.
-- Bob Pool