Program Aimed to Help People Facing Foreclosures Swamped
There is no doubt that the number of borrowers facing foreclosures has increased over the years. Proof of this is the overwhelming response that a non-profit group based in Seattle has received.
Solid Ground, a non-profit agency, aims to help borrowers to manage the ins and outs in foreclosure properties. The organization provides assistance to borrowers who have accounts nearing foreclosures.
However, the help that the organization aims to give might be delayed. Solid group reported that there was a 50% increase in the number of calls and queries that they receive. The cutting of federal funds for the operation of the organization does not make their work easier. It is just fitting to say that the organization has their hands very full.
The increase in queries can be linked to the increasing number of foreclosure homes. Solid Ground Program Manager Donna Dziak said that people facing foreclosures are likely to not know what to do. She observed that most of the people they helped do not have an idea of what will happen if their properties were foreclosed.
Meanwhile, Erin Reardon, a mortgage counselor at the said organization, stated that they have received an average of 55 queries last week. If the current trend in foreclosure properties will be taken into the picture, the organization believes that the calls will surely increase, if not double, in the coming weeks.
With that being said, the organization is hoping to have more volunteers to handle the overwhelming load. However, not everybody is welcome to serve in the organization. To make sure that volunteers can really provide help, Solid Ground needs volunteers who have a background in the mortgage and finance industry.
Those who are currently employed in mortgage companies will not qualify as they will only have conflict of interests. The organization is, instead, eyeing retirees from the mortgage business.
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