Tag Archive | "Foreclosure"
Lessons from the Wright Family on Seeking Help
We met with the Wright family several weeks ago and heard of their difficult time during the mortgage crisis. Like many Americans, they’ve had difficulty making ends meet during the recession and were on the verge of losing their home. Rather than wait for foreclosure to happen, the Wrights made the most of the help [...]
Continue reading...Beacon: Foreclosure Struggles Linger in St. Louis
Thursday, February 11, 2010
The Beacon recently reported on enduring foreclosure difficulties facing St. Louis residents. Though signs of economic recovery continue to pop up, many homeowners are still struggling to make ends meet. The piece is a sobering reminder that our economy is far from fixed. The article highlights Chris and Kelly Green, whose family of five has been [...]
Continue reading...Get Help from Trusted Resources
Monday, January 25, 2010
In this video, St. Louis Mayor Francis Slay suggests that anyone facing foreclosure or in trouble with their mortgage seek assistance and determine if they are eligible for the Refinance and Loan Modification program. More information can be found at www.makinghomeaffordable.gov.
Continue reading...Avoid Scams
Monday, January 25, 2010
In this video, Missouri Attorney General Chris Koster talks about how to avoid scams that prey on people during times of economic hardship. When seeking foreclosure prevention counseling or loan modification assistance, never pay up-front fees before services are rendered. Tax-payer funded, HUD-certified housing counselors offer services at no charge. If you encounter what you [...]
Continue reading...Federal Housing Administration Announces New Standards for Lenders
Wednesday, December 2, 2009
On Monday, the same day that the Obama administration announced its plan to pressure mortgage companies to modify more loans for homeowners, the Federal Housing Administration proposed stricter rules for lenders. The FHA is a government agency that provides mortgage insurance on loans made through its approved lenders. USA Today reports that this year [...]
Continue reading...Get Help to Save Your Home – Today!
Wednesday, November 4, 2009
Today HOPE NOW will host Save Your Home in St. Louis. The event will be from 2 p.m.-8 p.m. at the America’s Center–more details from their flyer are below. Don’t miss this opportunity to meet with your lender face-to-face–it’s free! At the event there will be: -The opportunity to meet one-on-one with your lender to [...]
Continue reading...St. Louis Beacon report: Many still waiting on help from NACA
Tuesday, November 3, 2009
Back in September, we posted a report from the St. Louis Beacon regarding the “Save the Dream Tour,” held by NACA (Neighborhood Assistance Corporation of America) in early August. The Beacon’s article highlighted several participants who were promised loan restructures at the event only to later be given different terms or not contacted at all. [...]
Continue reading...The Mortgage Crisis and Minority Communities
Friday, October 30, 2009
In the new series “Race, Frankly”, The St. Louis Beacon explores issues of race and the many ways they affect the St. Louis community. In a series of stories, reporter Mary Delach Leonard recently examined how the mortgage crisis is affecting local minorities. The root of the problem stems from the housing discrimination that began [...]
Continue reading...Get Help to Save Your Home
Tuesday, October 27, 2009
Next Wednesday, 11/4, HOPE NOW will host Save Your Home in St. Louis. The event will be from 2 p.m.-8 p.m. at the America’s Center–more details from their flyer are below. Don’t miss this opportunity to meet with your lender face-to-face–it’s free! At the event there will be: -The opportunity to meet one-on-one with your lender [...]
Continue reading...Dramatic Rise in September Home Sales
Friday, October 23, 2009
On Friday the National Association of Realtors announced that September home resales increased by 9.4%—the largest monthly increase in 26 years. Encouragingly, these figures for September sales exceeded Wall Street forecasts. A recent article from the Associated Press reports that this jump is a result of consumers rushing to purchase homes before the tax-credit incentive [...]
Continue reading...Take Action
Audio / Video
The St. Louis Beacon posted a new segment in their Job Talk series earlier this week. This report describes GO! Network and its work to help unemployed professionals in St. Louis. The economic downturn has led to unemployment among groups who have never before had to worry about paying their bills on time. Among them [...]
Reverse mortgages are a complicated product and aren’t appropriate for everyone. In our final video of the series, Buz describes the basic considerations that seniors must make when determining if a reverse mortgage is right for them. We hope you’ve enjoyed these videos. A huge thanks to Buz Zeman for talking with us. Additional information on reverse [...]
The explosive popularity of reverse mortgages and the flood of advertisements that followed have spread a number of misconceptions about reverse mortgages. Buz addresses a number of them in this video, explaining what reverse mortgages are and aren’t. He also talks about popular scams and how to avoid them. Look for the final video of [...]
Several weeks ago, Lauren had a conversation with Buz Zeman of Housing Options Provided for the Elderly (HOPE), an organization that counsels seniors on mortgages and other housing issues. Buz said that he has had to devote much of his time lately to explaining reverse mortgages. Though this sort of loan is not new, it’s [...]
In this video, St. Louis Mayor Francis Slay suggests that anyone facing foreclosure or in trouble with their mortgage seek assistance and determine if they are eligible for the Refinance and Loan Modification program. More information can be found at www.makinghomeaffordable.gov.
In this video, St. Louis County Executive Charlie Dooley encourages those facing financial hardship or anyone who fears losing their home to seek assistance. Tax-payer funded, HUD-certified housing counselors offer services at no charge, and can assist someone facing foreclosure with discussing options with their lender. For information or to connect to resources, call the [...]
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- The Beacon’s Series on the St. Louis Area Foodbank
- Good News in March Unemployment Numbers
- Lessons from the Wright Family on Seeking Help
- Staring a Business – Upcoming Workshop from the Urban League
- New Employment Resource from Ready, Aim, Advocate!
- Walking Away from Underwater Mortgages
- Beacon: Foreclosure Struggles Linger in St. Louis
- From the Beacon’s Job Talk: GO! Network
- Reverse Mortgage Considerations
- Job Talk from the St. Louis Beacon
© 2010 Facing the Mortgage Crisis
in Partnership with the CPB.
Thursday, April 1, 2010
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