Campaign to Contain the Rapid Growth of Repo Home Listings

The growing number of properties on repo home listings has spurred several programs designed to help distressed homeowners from going into foreclosures.

Another campaign has been launched to help homeowners save their properties from repo home listings. This campaign, dubbed “Bringing hope home,” is spearheaded by NeighborWorks America , HOPE NOW Alliance and Neighborhood Housing Services of South Florida (NHSSF).

The campaign features Fernando Arau, Latino television host, and NBA All-Stars players Dwyane Wade and Alonzo Mourning. NHSSF counselors and clients, together with Wade, Mourning and Arau, will visit local businesses situated in Miami Gardens neighborhood in Florida.

The foreclosure prevention campaign aims to raise awareness of the repossession problem and available resources that could help distressed homeowners avoid foreclosure, including the Making Home Affordable Program of the federal government.

A bus tour, which is part of the campaign, will start at NHSSF. Marietta Rodriguez, deputy director for homeownership and lending at NeighborWorks America, said that the organization recognizes the growing number of distressed families whose properties are in danger of being placed on repo home listings and their difficulties in finding a reliable, reputable and certified resource that could help them deal with the problem.

She claimed that the organization wants to help homeowners find assistance easily and immediately and to inform those who are facing the danger of foreclosure that they could ask for help from skilled nonprofit housing counselors for free.

She added that these nonprofit housing counselors can help distressed homeowners understand their options and make informed decisions on how to save their properties from foreclosure.

An informal round table discussion will feature Arden Shank, executive director of NHSSF, counselors and clients, representatives from the Homeownership Preservation Foundation, HOPE NOW Alliance and Federal National Mortgage Association, Arau, Mourning and Wade.

The NHSSF is a local organization that aims to empower communities, revitalize neighborhoods and establish affordable housing opportunities for everyone in South Florida.

Meanwhile, the NeighborWorks America provides opportunities for people to strengthen their communities and improve their lives by providing access to affordable homeownership and rental housing. It also helps distressed homeowners across the United States to save their properties from being placed on repo home listings.

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• First-Time Buyers Receive Help to Find Foreclosure Listings
• Indiana Attorney General Zoeller Fights Repo Homes Fraud
• Repo Property Inventories, Foreclosure Fees Rise in Florida