Economy
10:15 am
Thu August 9, 2012

For Struggling Tennessee Homeowners, a Free Hotline Offers Counseling

Tennessee is launching a toll-free hotline for homeowners who are either in—or on the brink of—foreclosure. The Tennessean reports the hotline is open from 8 a.m. to 5 p.m. central time, Mondays through Fridays.

Ted Fellman, executive director of the Tennessee Housing Development Agency, says the idea of the hotline is to put struggling Tennessee homeowners in touch with counselors who will explain the options available for keeping as many people possible in their homes.

The hotline is a joint venture between the Housing Development Agency and the Tennessee Attorney General’s Office, and is a result of the recent $25 billion settlement between five mortgage services and 49 states, including Tennessee and Kentucky.

The toll-free hotline number in Tennessee is: 855-876-7283.