- A free consumer education booklet
- A toll-free help line: 888-2-SOS-HELP (888-276-7435).
- Free seminars about the options to avoid foreclosure.
Does Borrower Education Equal Borrower Commitment?
A press release from Pinnacle Financial today uses plenty of hyperbole to tout the company's borrower education program, which is being packaged as a "tool" to help subprime borrowers avoid foreclosure. The headline of the press release: "National Mortgage Lender Responds to Distress Call." In the press release, the company touts its brand-new SOS program (that would stand for "Solutions Out of Subprime" - you just knew the marketers were working hard on that one), which consists of the following items: