A few months ago, I was composing a post on the new foreclosure program that brought together a number of non-profits and the Delaware courts for the purpose of avoiding foreclosures. Unfortunately, that post still sits in my “drafts” list due to my stupidity.
But today, I am bringing you some of the details of the program. The word needs to get out to the people that need help. So please pass this along to anyone that may be in danger of foreclosure. In Delaware, the number of foreclosures is expected to be triple the usual number (6,000 expected this year compared to 2,000 typically).
The best place to start is at the State Housing Authority’s Foreclosure Help website. From the website:
The new foreclosure mediation program creates a process by which homeowners are connected to housing counseling and provided an opportunity to participate in a mediation session prior to the Court entering a judgment of foreclosure. This program gives homeowners a great opportunity to work with housing counselors, their lender and a neutral mediator to reach a positive alternative agreement and avoid foreclosure.
Help is available in English and Spanish and at a variety of non-profits throughout the state. Services available include counseling with certified counselors, help from lawyers that specialize in mortgage mediation and even lenders that don’t want to be left holding on to properties that will go fallow.
The current issue is that the program is having trouble getting the word out. Let’s face it, this blog isn’t exactly the place that many people that are facing foreclosure come for advice. But many of our readers may know people struggling with the loss of a job, medical bills or underemployment. We can get to those people through our readers. Go to the site and print out the fliers and forms and give them to your friends that may be falling behind.