Sunday, October 19, 2008

Court-Based Foreclosure Prevention Program Based On Philly Plan Coming To Pittsburgh Area

In Allegheny County, Pennsylvania, The Associated Press reports:
  • Judges, lawyers, social services advocates and bankers are working to create a regional program that will offer free legal services and counseling to homeowners facing foreclosure, allowing them to cut a deal with lenders and remain in their home.

  • The program was outlined Friday before Sens. Arlen Specter and Bob Casey at a special hearing of the Senate Judiciary Committee that was held in a Pittsburgh courtroom. The plan is based on a similar program that began in Philadelphia in June and has allowed many homeowners to put off foreclosure and remain in their homes.

  • Allegheny County President Judge Joseph James said officials are resolving the final issues, including funding, and hope to have the program up and running in the Pittsburgh area within weeks.

For more, see Pittsburgh outlines foreclosure-prevention program (if link expires, try here).