Seminar Helps Hamiltonians Avoid Bad Loans, Foreclosure

The Trentonian — Tuesday, December 9, 2008


HAMILTON — The township will host a seminar tomorrow aimed at teaching residents to avoid the trappings of predatory lending.

"This is an effort that will, among other things, help homeowners stay in their homes and explore alternatives to foreclosures, at a time when such instances are becoming all too frequent occurrences," said Mayor John Bencivengo.

"I sought to have this training session in Hamilton Township so that residents in our community can gain the information and tools necessary to avoid becoming victims of predatory lending schemes, especially when it comes to home foreclosures or sub-prime lending."

Bencivengo said he hoped the seminar, which is sponsored by the New Jersey Department of Banking and Insurance and New Jersey Citizen Action, can be one small, local way to address the much larger, national problem.

The township is billing the the seminar as being full of information that can equip attendees with the knowledge necessary to gain control of personal finances, and to hopefully spread the word to others.

"Not only will attendees be able to learn how they can protect themselves, but this program will empower attendees, so they can teach the lessons and tips they learn to family members, loved ones and neighbors," Bencivengo said .

"I urge any member of our community, especially those who may be enduring financial difficulties with mortgage payments on their homes, to attend this training session."

The program will be held from 8:30 a.m. to 2:30 p.m. tomorrow at the Hamilton Public Library.

To register, or for further information, call the township at (609) 890-3510.

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