Philly mayor unveils plan to address home foreclosures
posted by admin in Home Care ServicesPhiladelphia courts will launch a pilot program next week requiring mediation between homeowners and lenders before foreclosure can occur.
The program is one part of a plan Mayor Michael Nutter unveiled Wednesday to address a nationwide mortgage crisis affecting many Philadelphia homeowners.
The city has already taken steps to address the problem, including delaying the sheriff’s sales for April and May to give the pilot program time to potentially keep people in their homes.
“It will give people an opportunity to be heard,” County Judge Annette M. Rizzo said of the program. “And, give them the opportunity to stay in their homes or gracefully exit.”
As part of the city’s foreclosure protection program, Nutter also launched a public service announcement to make people aware of a housing hotline. About 8,500 foreclosure filings are expected in Philadelphia this year, the mayor said.
Tags: annette, cement, county judge, foreclosure, foreclosure protection, foreclosures, home foreclosures, lenders, mediation, michael nutter, nationwide mortgage, philadelphia courts, pilot program, program time, public service announcement, rizzo, s salesRelated posts
Did you enjoy Philly mayor unveils plan to address home foreclosures? Subscribe to RSS Feed.
Social Bookmarking
