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Preserving Homeownership
The problems are clear: the dream of homeownership has become a nightmare for too many of our neighbors. Foreclosures resulting from rising interest rates, job losses, or family breakups, costing lenders and displacing families. Declining property values resulting from foreclosures in the surrounding areas, leaving many owing more on their mortgages than the current value of their houses and eroding the tax base.
The solutions need to become clear, as well: help homeowners work out reasonable payment plans to help lenders, families, neighbors, and communities to preserve homeownership. The Preserving Homeownership Tour brought together elected leaders, lenders, realtors, policy analysts, and homeownership counselors to build partnerships for preserving homeownership. Join with Mayor Yvonne Johnson, Congressional Members Mel Watt and Brad Miller, NC Legislators Maggie Jeffus and Kay Hagan in their commitment to homeownership.
Look at the map, the statistics about the foreclosure starts by county, the impact of foreclosures and subprime mortgages on neighbors’ values — and the ways you can help. Tell others to call 691-9521 for housing counseling as soon as they have trouble with their mortgages and support GHC’s services!
click on map for larger image