General Forclosure News

Making Home Affordable
The Obama Administration has introduced a plan to stabalize the housing market and help an estimated 7 to 9 million Americans bring their mortgage payments to more affordable levels. The Home Affordable Refinance Program (HARP) and the Home Affordable Modification Program (HAMP) offer home owners the opporutnity to reduce their monthly payments and prevent avoidable foreclosures.

For more info about Making Home Affordable, including eligibility criteria, click here.

FIL-56-2009: Protecting Tenants at Foreclosure Act - Public Law
On May 20, 2009, President Obama signed the Helping Families Save Their Homes Act of 2009, Public Law 111-22. Included in the public law is the Protecting Tenants at Foreclosure Act (Division A, Title VII), which provides protections for tenants, including tenants in housing subsidized by Section 8 of the United States Housing Act of 1937, who are living in homes subject to foreclosure.

Among the protections included, is that all tenants must receive a 90-day notice before being evicted as the result of a foreclosure.

To read the full text of the Act click here.

Communities At Risk: How the Foreclosure Crisis Is Damaging Urban Areas and What Is Being Done About It (2/11/2010) Living Cities publication report

Obama Administration Releases New Data (12/10/09) US Dept. of the Treasury

Counseling helps borrowers avoid foreclosure (11/18/09) The Washington Post.com

Arizona Attorney General Terry Goddard fights mortgage fraud (9/17/09) azag.gov

Arizona drops from 3 to 4 in foreclosure ranking (9/10/09) Phoenix Business Journal

Valley foreclosures drop, but reasons unclear (09/05/09) AZ Central.com

Task Force News

• 5/29/08 - Governor Napolitano announces local toll free help line
• 10/1/09 - Task Force is recognized as HUD Phoenix Field Office's Most Valuable Partner, for supporting HUD's initiative of Increasing Homeownership Opportunities.
• 11/18/09 - Task Force, in partnership with Fannie Mae, Arizona Attorney General, and Don't Borrow Trouble Pima County presents Save Your Home: Live Webinar to residents of central Yavapai County. Read the article.