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.

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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.


Problems with the Making Home Affordable Program

June 11, 2009

NPR’s All Things Considered recently reported on the Making Home Affordable initiative signed into law by President Obama in March.  Though the plan promises to help 4-5 million homeowners, so far it has successfully modified only 17,000 mortgages.  For many Americans, applying for help through the initiative has turned out to be a confusing and complicated process.

You can listen as NPR’s Planet Money team follows the struggle of one young couple applying to the program HERE.  To see if you qualify for the Making Home Affordable plan, CLICK HERE.

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.


Foreclosures Increase for Prime Borrowers

June 9, 2009

Since the beginning of the mortgage crisis, many experts have blamed the explosion in foreclosures on risky sub-prime loans.  But USA Today reported recently that the rate of foreclosure for prime borrowers has been increasing, mainly because of rising unemployment rates.  To read the rest of the article, CLICK HERE.

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.


The Salvation Army

June 4, 2009

In April 2009, the Salvation Army hosted a free Family & Crisis Resource Fair. The event was in response to the many people who are facing unemployment, reduced hours, foreclosure, or other financial troubles. People were able to visit booths to get information and resources about different financial issues, as well as job hunting.

The Salvation Army is committed to providing assistance to those in need. If you or someone you know is in need of assistance, please contact the Salvation Army, Midland Division.

Below is a video of Major Lonneal Richardson, Divisional Commander of the Salvation Army’s Midland Division. In this clip, Major Richardson gives some suggestions for people who may be facing unemployment. To watch more videos from the fair, CLICK HERE.