 Other Resources are available to help you with food, jobs, finances, and more. Call the 2-1-1 Help Line to get connected today.
|
|
NEWS:
Virginia wins $9.4 Million to buy Foreclosed Homes: Click here to read the full article in the Washington Business Journal
Foreclosures are Often in Lender's Best Interest: Click here to read this article from the Washington Post on July 28
The New American Dream: Renting "It's time to accept that homeownership is not a realistic goal for many people and to curtail the enormous government programs fueling this ambition." To read Thomas J. Sugrue's article in the Wall Street Journal, click here
Downturn Brings A New Face to Homelessness "Even as the economy shows signs of improving, the number of homeless families keeps going up. In more and more cases, these people have never been homeless before. See Alexi Mostrous's article from the Washington Post here.
Click here to download the Freddie Mac You Tube Video titled "Stop Foreclosure: Documents Your Lender Needs to Help You." According to the video, the key documents borrowers should have when they call their servicer include:
* Most recent monthly mortgage statement;
* Pay stubs or other documents showing their household's monthly pre-tax income;
* Most recent tax return;
* Second loan or home equity line of credit statements;
* Account balances and minimum monthly payments on credit cards, car loans, student loans or other debt;
* A short, concise description of the financial hardship that is causing - or leading to - a mortgage delinquency.
Click here to download another video titled "Help You Can Trust" which highlights help available for Hispanic borrowers through the Making Home Affordable Program.
Click here to download the transcript of a recent conference call presented by the Initiative for a Competitive Inner City. The call discussed Inner City Foreclosures and participants included George McCarthy, Ford Foundation; Rick Jacobus, Burlington Associates; and Jim Gray, NCB Capital Impact.
QUOTES:
"The Homeownership Preservation Foundation (HPF), which operates the Homeowner's HOPE™ Hotline (888-995-HOPE™), today announced that more than 124,000 homeowners have called the hotline since President Obama announced his "Making Home Affordable" plan on March 4, 2009. On average, more than 13,500 homeowners have called the Hotline each day since the announcement, about 3 times the average number of daily calls coming in to the Hotline prior to the release of the president's program." Homeownership Preservation Foundation, March 19
Per a recent COG count, "the number of homeless families in the Washington region alone has jumped 15 percent since last year." CNN, May 2
"All of a sudden, a lot of longtime renters, a lot of families, are being evicted with little or no notice." Washington Post, May 2
Yes, you can still get a mortgage…but the days of easy financing are gone. Kiplinger, March 2009
Hooray for falling home prices - - a different perspective! Motley Fool March 2009
March 22, 2009: Michelle Singletary has an excellent article in the Washington Post describing the programs and tools available at the government website for the Making Home Affordable Initiative.
March 10, 2009 - The Office of the Comptroller of the Currency (OCC) today published a Community Developments Insights report that describes how banks and their partners in the community are working to dispose of foreclosed properties in creative ways that will preserve affordable housing opportunities and stabilize communities.
March 4, 2009: The Alaska News published this handy guide to help homeowners determine if they qualify for mortgage relief under the Obama Administation's new Making Home Affordable plan.
March 3 2009: Quote of the Day: "For many years, the goal of home ownership has been emphasized in the United States, and as a country we lost sight of the value of rental housing in a balanced national housing olicy. The end of the housing bubble and a wave of foreclosures have underscored the importance of affordable rental housing. We now have an opportunity to reset the policy agenda, restore rental housing to its proper place, and reshape the policy environment so that it both encourages rental housing preservation and makes it easier to do." -- Jonathan Fanton, president, John D. and Catherine T. MacArthur Foundation , 2/26/09
February 18, 2009: President Obama announces a new financial plan to help stem the foreclosure crisis. Read the full announcement from the White House. Virginia will receive $170.7M for projects and programs administered by the Department of Housing and Urban Development (HUD). To learn more about which programs will be funded, eligible activities, and the dollar allocations for jurisdictions in our area, go to www.nvaha.org and click on News and Events to read "Area Funding From Recovery Bill."
February 5, 2009: Legal Services of Northern Virginia was one of ten legal aid offices nationwide to receive a grant from the Center for Responsible Lending/Institute for Foreclosure legal Assistance.
|
From the Washington Business Journal of Tuesday, February 10: The number of homes sold in Northern Virginia spiked 39 percent in January, as the median sale price fell 20 percent. During January 2009, 998 homes were sold in the area, which includes the cities of Alexandria, Fairfax and Falls Church as well as the counties of Fairfax and Arlington.
|
|
|
|
|
|
|
|
