Post Purchase Education

Post-purchase education and counseling is a vital part of homeowner education because it helps support successful long-term homeownership. CBA ‘s Preserving Your Home post purchase education program offers group education to homeowners focusing on sustaining homeownership; teaching homeowners how to manage their property as an asset and use their equity responsibly while learning how to maintain their properties to promote safety and prevent future costly repairs. Our classes focus on financial management, reducing homeownership costs, instilling smart home maintenance practices and avoiding delinquency and foreclosure. Classes are taught by our trained staff along with local insurance professionals, financial experts and home improvement contractors.

CBA’s post-purchase education program consists of two classes for homeowners. The first class includes money management: budget review, credit review, financial planning, insurance coverage needs and banking. The second class includes home maintenance: what is regular upkeep, energy saving and “going green” tips, how to find a good home repair contractor, smoke and carbon dioxide detectors, fire extinguishers and other maintenance along with information about community resources and opportunities for community involvement.

Homeownership is the primary vehicle for most Americans to build wealth. The staggering number of foreclosures, many of them in low income diverse neighborhoods, means that many of these homeowners, once foreclosed, will unable to build wealth. Preventing delinquency through post purchase education can play a preventive role that could prove cost-effective to homeowners and our community. Post purchase counseling prepares families to be successful homeowners. Successful homeowners avoid foreclosure, benefiting the entire community.