BOSTON -- The New England Patriots Charitable Foundation and the Federal Reserve Bank of Boston will host a foreclosure prevention workshop at Gillette Stadium in August.

The free workshop will be held on Tuesday, Aug. 12, from 1 p.m. to 8 p.m. The event is an opportunity for homeowners who are in financial distress or concerned about foreclosure to sit down with their lender face-to-face and avoid foreclosure, if possible.

"We host many events at Gillette Stadium, but this one is especially meaningful," said Robert Kraft, chairman and CEO of The Kraft Group. "Many New Englanders are struggling with mortgage difficulties. We hope this workshop will help homeowners resolve issues and remain in their homes. We're happy to support this event and provide Gillette Stadium as the venue."

"Resolving current mortgage problems is not easy, for borrowers or for lenders," said Eric Rosengren, president and CEO of the Federal Reserve Bank of Boston. "The facilities at Gillette Stadium provide a welcoming, world-class venue for them to meet, talk and try to achieve resolution. We are optimistic that this event, held in this setting, can make a difference."

The event is supported by New England elected officials, including Gov. Deval Patrick, Boston Mayor Thomas M. Menino and U.S. Rep. Barney Frank.

"This is a chance for lenders and borrowers to come together in good faith and work hard to find a solution," Patrick said.

"In Boston, we continue to work hard to offer as much practical assistance as possible to those residents who may be in danger. At the same time, we’re working to restore those neighborhoods that have been disproportionately affected by foreclosures today," Menino said.

Borrowers should bring documentation on their income, expenses, debts and mortgage to the workshop so they are fully prepared to talk with their lender. The documentation may also be useful in talking with a housing or credit counselor.

For more information, borrowers are invited to call a special number set up by the Federal Reserve Bank, 800-882-1600. Borrowers who call this number can leave their name, questions about the event and a callback number. Calls should be returned within 24 hours.

Information is also available by clicking here.

Mortgage Lenders / Servicers Attending:
Bank of America
Chase
Citigroup
Countrywide
EMC
GMAC Rescap
Home Loan Services
HSBC
Indy Mac
Litton
National City
Option One/American Home Mortgage
Saxon
Suntrust
Washington Mutual
Wells Fargo
Freddie Mac