Annapolis, MD – The O’Malley-Brown administration has counseled over 70,000 homeowners through the HOPE Counseling Network, achieving positive results in more than 92 percent of the cases completed.
Jacqueline Mobio was one of those homeowners.
Governor O’Malley on Wednesday cited the 62-year-old Clinton woman during his annual State of the State address.
“Marylanders like Jacqueline Mobio have been able to save their home because you have taken action to drive down home foreclosures,” said the governor, early in his address to the General Assembly. “Listen to this: Jacqueline operates a daycare business out of her home. When the recession hit, fewer and fewer moms and dads were able to send their kids to daycare and Jacqueline fell behind on her mortgage.
“At risk of losing both her home and her business, Jacqueline tried to no avail to negotiate with her mortgage company. Then she heard an advertisement for our state’s HOPE Hotline. Through the hotline she was connected to KAIROS Development Corporation – a non-profit led by Rev. Kerry Hill. KAIROS was able to negotiate a loan modification that reduced Jacqueline’s monthly payments by more than $1,000 a month – allowing Jacqueline to save both her business and her home.”
The governor cited her case as one of several examples of the administration’s ongoing commitment to make choices that strengthen and grow Maryland’s middle class.
“Five years ago, in our first State of the State together, I declared before you the goals of this administration, first among them to ‘strengthen and grow our middle class and our family-owned businesses and our family farms,’” Governor O’Malley said. “This remains the single overarching indicator of progress for our state and the better future we seek for our children.”
Mobio says she feels honored that the governor chose to mention her in his speech. She remembers the months of frustration, trying to get her lender to talk with her; the many times they lost her paperwork or gave her contradictory information. Then, when she sought legal assistance, the attorney took her downpayment then changed his phone number and refused to answer her calls. Today, she says she’s more than happy to be an ambassador for the HOPE Counseling Network if it will help even one financially beleaguered homeowners avoid that experience.
“Anything we can do to spread the word and get the word out to people in my predicament,” she says. “I know how I felt during that time and I know what KAIROS and the state did for me at a time when I needed help. They definitely saved my home and they saved my business.”
Visit DHCD’s website to learn more about resources to help homeowners find sustainable alternatives to losing their home, including how to contact the MD HOPE Counseling Network and foreclosure mediation.