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Show $ I0 LifcSty alf Sribtmr br Halt Section Saturday March A 17, 1981 Page 12 The house could be gone before finances improve By Dawn Tracy . Tribune Lifestyle Writer Fallen behind in home mortgage payments? Don't wait for finances to get better before taking action. One day may determine whether you keep or lose the home, according to the U.S. Department of Housing and Urban Development. It's important, therefore, to act immediately. A Salt Lake (.it v financial coun- - The first thing to do is to call the mortgage company. Call collect, if necessary. If the company won't ace cept the call, ask if there's a number. If neither of these types of calls is possible, call at your expense and ask to speak with someone in the mortgage servicing department. If you cannot telephone the mortgage company, write. Avoid Mortgage Default toll-fre- Take immediate steps to save your home. 2. Call or write your mortgage company. 3. Call a housing counseling agency and arrange an appointment. 4. Call your HUD or VA office only after youve contacted your mortgage company or a housing counseling agency and they cant help you. 5. Cooperate with whatever source of help you call. 6. Usually you dont need a lawyers assistance. 7. Beware of people who promise to correct your problem for a fee. 8. If you do nothing, and dont bring your payments current, youll lose your home. 1. When the company gets in touch, said officials from HUD, cooperate with them fully. Provide the mort- - P0CKET WATCH selor said you're in trouble if the mortgage payment is behind 30 days and you cant come up with both payments the second month. In fact, most companies wont accept a single payment if payments are two months in arrears. Theres time, however, to get financial counseling and to talk with the mortgage company to solve the problem. You'll probably be eligible for free financial counseling to save the home. Do It But don't postpone action. gage company with whatever information bank officers request. Be prepared to share facts about why you can't keep up payments and details about your current and expected future income. Then, call a housing counseling agency to help sort out financial problems. Obtain information on such agencies through the mortgage company, any local HUD or Veteran's Administration office, the housing authority or housing office for the state, countv or city. Source: U.S. Department of Housing and Urban Development Call Consumer Credit Counseling Service, Salt Lake City, for information on free counseling for distressed homeowners. "Mortgage payments should be made before the groceries are bought, said Dale Taylor, director of Consumer Credit Counseling Service. it. takes six months to fore close on a home, so theres time to work out a solution but it needs to be done quickly because most companies won't accept partial back payments. HUD officials said to beware of people promising to help for a fee. If the home is insured by the federal government, HUD may provide free counseling or even buy mortgage, defer payments and service the loan. If the loan was obtained through the Veteran's Administration, local VA offices may be able to help. HUD and VA offices will first attempt to work out a plan with the lender. They may also tell about temporary mortgage assistance programs to avoid foreclosure. "If you have a problem, it's best to go to the lending company first," said L.C. Romney, manager of the Salt Lake HUD office. "If that fails, homeowners should come to us. Federal programs have been provided to not only insure mortgages, but also to keep people in their homes." 160 Loans Serviced Presently, the Salt Lake HUD office is servicing 160 loans in Utah for distressed homeownc-r- s in which payment arrangements have been worked out. Free counseling is also available for homeowners with conventional mortgages. Call the Consumer Credit Counseling Service for information on free counseling to avoid mortgage default. "It doesn't matter what type of mortgage you have," said Mr. Tay lor. "If there's a problem with foreclosure. free counseling is available." Jack Piluti, president of Valley Mortgage Company. Salt Lake City, said lending companies will work with homeowners who experience serious financial difficulties. "If the problem is real and reasonable, almost every lender will work with borrowers to help them over the difficulty." he said. "The last thing lending companies want is foreclosure." New Agreement Mr. Pilati added, however, that if an arrangement is worked out for a temporary period, consumers should live up to the new agreement "Lending companies have little sympathy for borrowers who don't live up to commitments after the company has attempted to work out a temporary airangement." said Mr. Pilati. "If another problem comes up. thee must be an excellent reason as to what happened." Foreclosure means the mortgage company becomes owner of the home, forcing residents to move into other housing. Under these circumstances. said HUD officials, it maybe less expensive to make the mortgage payments than to rent another house. Italian fashions are tailored; baggy pants, slouchy jackets By Daniela Petroff Associated Press Fashion Writer Gianni Versace MILAN, Italy won the Golden Eye fashion prize Thursday, awarded by the international fashion press at the end of the ready-to-weMilan shows to the best designer of the season. ets. But whereas many of the designers preferred to complete the look with flat shoes, and bland shades, Versace puts his women in high heels and bright reds and blues. Versace was also the most prolific designer on the Milan runway, designing not only his own collection, but also the Jenny collection, and Mario Valentinos show. fall-wint- 1984-198- 5 It was the second time that the southern Italian designer who lives and works in Milan was awarded the Revlon-sponsore- "Occhio d Five-Da- y Showing On Thursday, the last day of the five-da- y showings, two new young D'Oro" prize. The Versace collection, like most of the other 34 shows seen on the runway this week, was with lots of generous overcoats, loose jjaggy pants and slouchy jack designers, Alberta Ferretti and Franco Moschino, showed their versions of the winter 1984-198- man-tailore- d Ferretti presented a feminine "preppy" look of plaids and college letter sweaters, loose jackets and trench coats. The large martingale she sported on her polo coats also cropped up in skirts, joining the kick pleats of a classic navy blue skirt with mid-cahemline. lf Moschino, last designer on the fashion calendar, showed the wildest collection seen on the runway all week. While presenting beautiful fun clothes, he poked at his colleagues creations. For example, a model dressed in an exquid site blazer and pants a la Armani shared the runway with another dressed in a tight black mini skirt zipped up the front. Another girl rushed d wn the runway in curl good-humore- d man-tailore- ers and sable coat, an allusion to the radical chic of the Fendi furs Different Music The entire show was accompanied by different types of music full of static, a dig at the dubious musical choices of some of the designers for runway beats. But in and around all the fun were some very nice new clothes of his own creation. A sure winner for winter will be the long navy cashmere military coat complete with brass buttons. The next big Milan appointment with women's ready-to-weis in early October, when the Italian designers will present their wares for the spring summer 1985 Landers: Put an end to daily foot obscenities Dear Ann Landers: I am writing about a unique problem in the hope that you will tell us what to do. We are a small commercial bank in Chicago. A gentleman in our of- fice removes his shoes and socks and feet sprays his with someas- thing that phyxiates nearby-staf- f members. , t leather suits in slate gray, designed by Gianni Versace, were part of Mario Valentino's collection in Milan. Tight-fittin- g He does this EVERY DAY. The fact that he is situated in a customer contact area does not seem to faze him. When he had his own office and performed this ritual. it was viewed with distaste, but tolerated. Now that he is right next to the receptionist we find it totally unacceptable. No one has approached him. al- - though many of us have verbalized our disgust loud enough for him to hear. Nothing changes. Please tell us what should be done. Freaked Out In Chicago Dear Freaked: The man's supervisor should be told about this incredible lack of judgment. I can assure you the boss will put an end to these daily obscenities. Dear Ann Landers: My husband and I are professionals who earn a decent living. He doesnt drink, smoke, gamble or chase women. He is helpful at home and goes to church regularly. We have all the trappings of success. Friends say I am lucky to have such a fine husband, but he is driving me crazy. The man is a spendthrift who insists on handling our financial affairs. At this moment he has brought us to the brink of bankruptcy. He was always a spendaholic, but the death of a dear friend last year has t exacerbated the situation. He have everything IMMEDInow-mus- ATELY. have had so many fights about ridiculous purchases that to maintain a semblance of peace in our home money is rarely discussed. This does not help matters at all. because now I have no idea new bills will show up at the beginning of the month. He sees nothing wrong with his behavior and refuses to accept counseling. I have promised our teen-ag- e children that I wont do anything rash until they have completed college. But my resentment is growing We his Laura Almquist invite you to preview their spring collection of exciting home furnishings. On sale now, as always, at attractive prices. Dont miss out or we both lose. YOUR CHOICE SAT. n and a uvd ny: MARCH 17 -- Leather Eames-stylchair & ottoman in walnut & caramel leather or oak & e roc not Roa N' ii I The Softee... our newest addition. Deep comfy seating. Available in tan or blue Love nylon velvet. In stock for immediate delivery. chocolate Hr leather. Rea 725. Love Seat Req. i W2& 'w OVf n iPM.wwiJ STOCKED1 THIS I! IVf NTORY REDUCTION ?A 49-9- $4.49 J A!ldin Art Dcco Sofa... fcatuied fbc f" Or J! -- Vi 'ranraco 90 N ih 3174 Highland Dtivc486-873- 1 ! Mon I :i 10 7, Sal. l'.)-- 7j fJ.iv s HIM ,J Cut in Easy to Care herculonpolyester. Featured in luscious vanilla. 649.95 $449. nynywwiwuiFwiii iff1:"1 R loq95 :sr, I. Sofa Req. 699.95 A M W! - AI & M NO1 by leaps and bounds and each day I feel more like a trapped animal. How can I protect myself from the inevitable? Is there a way out of this mess? Thanks for being there to unload on even if you have no solution. Panicked In NYC Dear NYC: Your husband is a compulsive buyer. This is an illness in the same league with alcoholism. See an attorney about protecting yourseif legally from his irrational behavior. Also ask your banker about a financial counselor to whom YOU can go for advice. You need l know how to protect your income and your assets if you intend to continue to live with this man. ( .h |
