Foreclosure Prevention Forum

With an unprecedented number of homeowners seeking assistance to resolve mortgage delinquencies, housing counseling organizations are encountering bottlenecks at the mortgage servicers that process requests for loan modifications. A model program at the Center for New York City Neighborhoods has had success resolving difficult mortgage cases by appointing a central loan modification specialist to take difficult cases off the hands of housing counseling organizations and follow up with mortgage servicers. This grant will supplement funds from a national funder to bring this model to Baltimore, with the Baltimore Homeownership Preservation Coalition overseeing implementation of the program through the Maryland Housing Counselors Network.

Staff support and data analysis

Via Maryland Volunteer Lawyers Service, $40,000 for Baltimore Homeownership Preservation Coalition; $5,000 for Maryland Association of Housing Counselors; and $15,000 for foreclosure research and evaluation

Marketing and Outreach ($50,000); Research and Evaluation ($25,000)