Facing the Mortgage Crisis – We’ve Moved

June 29, 2009

Today, we transitioned our Facing the Mortgage Crisis Web site to a new, more interactive platform. Please visit www.stlmortgagecrisis.org for the same updates and content you’ve become used to finding here:

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More “Facing the Mortgage Crisis” Programming from KWMU

June 29, 2009

On Friday KWMU continued its “Facing the Mortgage Crisis” programming.  Repps Hudson examines several common misconceptions homeowners have when it comes to mortgage payments and foreclosure.  He also reports on how financial counselors are adapting to the increase in foreclosures since 2008. 

The report also includes one woman’s experience with predatory lenders and how she managed to save her home from foreclosure.  You can listen to the entire segment online HERE.  Don’t forget to stay tuned to KWMU-90.7 FM for more from this ongoing series.


KWMU is Facing the Mortgage Crisis

June 26, 2009

KWMU recently continued its “Facing the Mortgage Crisis” series with a report from Repps Hudson.  Hudson interviewed area experts in order to examine the extent of the mortgage crisis in St. Louis.  Some of the findings may sound familiar, but his report also includes surprising foreclosure trends in several local communities.

You can listen to the entire report online HERE.  Don’t forget to stay tuned to KWMU for more reports in this ongoing series.


Local Communities Struggle With Empty Houses

June 25, 2009

The Suburban Journals recently followed a Collinsville community service officer as she made her rounds citing houses desperately in need of maintenance.  Community service officers monitor neglected homes and unkept yards.  Since the mortgage crisis and the subsequent rise in foreclosures, their job has gotten a lot more difficult.  Communities all over Missouri are struggling with how to handle abandoned and foreclosed homes. 

To read more about what Collinsville and other local communities are doing about empty homes, CLICK HERE

In tough times, it’s especially important to help our neighbors.  If there are vacant or abandoned properties in your neighborhood, do your part to keep your neighborhood safe—you can rake leaves, mow the lawn, or just pick up trash to keep homes clean. 

For volunteer opportunities in your area, call United Way’s 2-1-1 referral service at (800) 427-4626.

Do you have stories to share about volunteering in your neighborhood?  Leave a comment, we’d love to hear from you.


Finding Your Way Out of a Scam: Dawn Walters Describes Her Experience

June 24, 2009

Facing foreclosure last year, Dawn sought help and found a company that was “very willing” to “help”.  As months went by, Dawn realized that the company was taking advantage of her. She paid the company large up-front and monthly fees without results.

Dawn searched for help again and found Beyond Housing.  Their free support and counseling allowed her to keep her home.  Watch Dawn talk about the free help she found at Beyond Housing in the video below.

Legitimate housing counseling agencies won’t contact you or send advertisements. You should be wary of any company that charges for housing counseling and/or seeks you out.

If you or someone you know is facing foreclosure, contact a HUD-certified housing counseling agency to seek help.  To find one, call United Way’s 2-1-1 referral service at (800) 427-4626


Unemployment Leads to More Foreclosures Across the Country

June 23, 2009

A new wave of foreclosures is affecting areas of the country not previously hard-hit by the mortgage crisis.  USA Today reports that these foreclosures are different from the foreclosures at the beginning of the mortgage crisis in 2007.  Instead of being caused by risky subprime lending, the recent increase in foreclosures is due to rising unemployment.  In the ongoing economic recession, more and more people are losing their jobs and are unable to keep up with their mortgage payments.

To learn more about how unemployment is affecting the housing market, you can read the entire article HERE.  If you or someone you know is facing foreclosure, contact a HUD-certified counselor.  To find one, call United Way’s 2-1-1 referral service at (800) 427-4626.  2-1-1 can also connect you with resources and information about employment, food, health care, counseling, and other services.


New Bill Proposes to Fight Vacant Properties

June 22, 2009

The city of St. Louis is leading the country in the number of empty houses per person. Recently, this number has grown even more due to the increase in foreclosures brought on by the mortgage crisis.  Empty homes lead to crime and can ruin entire neighborhoods.  The city of St. Louis is now working to fight this growing problem. 

Sunday’s St. Louis Post-Dispatch reported on a bill presented to the city’s Board of Aldermen.  The bill requires that owners of vacant buildings register those buildings and pay a fee each year the property remains empty.  To read the entire article about the proposed registry, CLICK HERE.

You can do your part to be a good neighbor.  Actions as simple as raking leaves or picking up trash around vacant properties can help keep your neighborhood safe.  Watch the Living St. Louis segment below to learn how the Spanish Lake community is working together to address the problem of abandoned homes in the neighborhood.  To learn how you can volunteer, call United Way’s 2-1-1 Referral Service at (800) 427-4626—they’ll help connect you with trusted resources.