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Sometimes, foreclosure can be prevented. Meet with a foreclosure counselor in Davidson County that is certified by the Tennessee Housing Development Agency (THDA).
Call for an appointment. These services are FREE!
Affordable Housing Resources
615-251-0025 x 234
Citizens for Affordable Housing
615-361-9101
Residential Resources
615-650-9779
Servus CDC
615-865-9737
Woodbine Community Organization
615-850-3453
You Can Make It
615-355-0005
Dominion Financial
Management, Inc.
615-220-5858 |
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.
Affordable Housing Resources
1011 Cherry Ave., Nashville, TN
615-251-0025 x239
Jarmaine Betts jbetts@ahrhousing.org
Citizens for Affordable Housing
Terrace 1, 295 Plus Park Blvd., Nashville, TN
615-361-9101
Patricia Davis cfahi@bellsouth.net
Dominion Financial Management,Inc.
660 Fitzhugh Blvd., Smyrna, TN
615-220-5858
Regina Harvey regina@dominionfinancial.org
Financial Counselors of America
3200 West End Ave. Suite 500, Nashville, TN
615-783-2856
David Huey david@financialcounselors.org
GAP Community Development Resources
129 West Fowlkes
615-591-4345
Teresa Burns Franklin teresaburns3@aol.com
Life of Victory International Christian
253-A Old Nashville Highway, Lavergne, TN
615-213-1468
Brenda Bryant Brenda.lifeofvictory@comcast.net
Residential Resources
604 Gallatin Rd., Suite 103, Nashville, TN
615-650-9779
Rosalind Robinson rrihome@aol.com
The Housing Fund
933 Madison St., Clarksville, TN
931-572-8454
Angela Belcher abelcher@thehousingfund.org
Woodbine CommunityOrganization
222 Oriel Ave.,Nashville, TN
615-850-3453
Rod Williams Nashville Rodwilliams47@yahoo.com
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