Send tips to Community Media Worskhop
cmw@newstips.org
NEWSTIPS HOME | About | Follow on Twitter @ChicagoNewstips


Details Expected on Foreclosure Plan

While they continue their work helping families facing foreclosure, housing counselors are awaiting more details about the Obama administration’s new foreclosure prevention program.

“People are definitely asking how the new housing policy will effect them,” said Andre Gaither, director of the South Chicago office of Neighborhood Housing Services. “At this point the information we have is sketchy.” More details about the plan will be released March 4.

But anyone facing trouble with their mortgage will benefit from seeing a certified housing counselor, who can negotiate with a lender to make sure a mortgage workout is affordable, he said.

Studies have shown that most homeowners facing foreclosure seek no help at all; many of the rest deal directly with their mortgage servicers, often ending up with resolutions that actually increase monthly payments.

“They really need to come to us,” said Gaither. “We’re working for them.”

Read the rest of this entry »



Get Newstips in Your Inbox!

Enter your email address:


Subscribe in a reader

Newstips Archives

Categories

Add to Technorati Favorites

RSS Nonprofit Communicator

  • An error has occurred, which probably means the feed is down. Try again later.

RSS Chicago is the World

  • Telling people’s stories, an ethnic media success September 2, 2015
        By Stephen Franklin Community Media Workshop   A 3-year-old child died on a plane from Chicago to Poland. This, Magdalena Pantelis instantly knew, was a story her readers would care about. But she needed more detail to write about it for the Polish Daily News, the nation’s oldest daily newspaper in Polish, founded Jan. […]
*

*

*



*










CAN TV is a network that belongs to the people of Chicago.  For updates on local programs, and live, timely coverage of community events, sign up at http://www.cantv.org