Urgent Need For Mortgage Counselors In NYC

Commentary on the DMI Blog reports of the urgent need for cash to build the capacity of foreclosure prevention specialists throughout New York City. The author states:

• "Each person facing foreclosure represents hours upon hours of intensive intervention. And those in the trenches doing foreclosure prevention work will end up turning away more people than we can help because there simply aren't enough staff people and training supports (Read "dollars") to handle the need. If those struggling to overcome real estate scams and grotesque "exotic" loan terms represent a forest fire, then the fire fighters have been equipped with cups of water to meet the blaze. An estimated 15,000 foreclosure actions will be filed against New York City homeowners this year ..."

For more, see Foreclosure Prevention in NYC: Throw Money at It