Declare intent to contact lenders about nonprofit program to prevent foreclosures
In Plain English
The city wants to reach out to banks and other mortgage companies that own delinquent home loans. A nonprofit organization has a program that buys these troubled mortgages to help homeowners avoid foreclosure. If approved, the city formally signals its interest in connecting local lenders with this foreclosure prevention program.
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Declare intent to contact lenders about nonprofit program preventing foreclosures
Hire Mortgage Resolution Partners to help reduce foreclosure crisis using eminent domain
Hear presentation on program to buy troubled mortgages and prevent foreclosures
Direct staff to organize workshop helping Richmond homeowners with mortgage issues
Hear update on efforts to help nonprofits buy foreclosed homes before speculators
The Story So Far
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