Monday, December 14, 2009

Philadelphia's Courtroom 676 Featured On ABC News' Nightline

In Philadelphia, Pennsylvania, ABC News' Nightline ran a story last week on Courtroom 676, the home of the city's Residential Mortgage Foreclosure Diversion Pilot Program, a court program that helps strike deals that lower monthly payments for borrowers facing foreclosure with the view of helping them retain their homes. According to an earlier story, when a homeowner cannot afford the home even at modified terms, the program helps to create a graceful exit, in which the borrower accepts cash for vacating the property or signs over the deed in lieu of further payment.

For the story (video only), see Save My Home (See a Philadelphia judge's efforts to fight foreclosure).

Go here for other posts on Philadelphia's Courtroom 676.

In a related story, see WGAL-TV Channel 8: County Judge Recognized For Saving Homes From Foreclosure (Program Helped Save 2,000 Homes From Sheriff Sale):
  • [Philadelphia] Judge Annette Rizzo received an award in Harrisburg Friday from the Housing Alliance of Pennsylvania. Rizzo created a program one year ago that brings all parties face-to-face and has saved more homes from foreclosure than any county in the country.