More Praise For Philly's Residential Mortgage Foreclosure Diversion Program; Now Getting International Attention

In Philadelphia, Pennsylvania, the Philadelphia Daily News reports:

• A local program created this year to help homeowners avoid foreclosure and sheriff's sales is attracting international attention and study from other municipalities who may use the idea.

• U.S. Sens. Arlen Specter and Bob Casey Jr. held a hearing in City Hall [Friday] to learn more about the [Philadelphia] Residential Mortgage Foreclosure Diversion Program and the people it has helped. Specter praised the effort, saying it helps borrowers and lenders while preventing the proliferation of abandoned homes and keeping city property taxes flowing.

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• Philadelphia Common Pleas Court Judge Annette Rizzo, who helped develop the program, told the senators that a television crew from Sweden was in town this week to learn more about the effort.

For more, see Pols praise mortgage program.