Philly Scores $275K For Foreclosure Diversion Program

In Philadelphia, Pennsylvania, the Philadelphia Daily News reports:

• Hailing it as a model for the rest of the country, Mayor Nutter said [this week] that the city had raised $275,000 in private funds to aid the city's mortgage-foreclosure- prevention program. The program provides homeowners in danger of foreclosure with free legal counseling and the opportunity to sit down with their lender in court to modify their loan. Since its kick-off in June, 600 homes have been saved from foreclosure and about 1,400 are in the process of rescue. "Other cities and states across America are asking about this program," Nutter said.

For more, see City gets 275G to help homeowners.