RE: communitydevelopmentbanking-l digest: April 12, 2008

[Community Development Banking List]

Original message from: breakingthecurse@aol.com

I am looking for sources to assist Florida residents who are upside down on their mortgages.


?Gayle Warren,B.A., A.A.S.
President/CEO
BTFC Foundation and Development Corporation
4449 Easton Way, Ste 200
Columbus, Ohio 43219
614-934-1787 (o)
614-515-9254 (c)
BreakingTheCurse@aol.com
"Breaking The Financial Curse, One Person At A Time"
www.prepaidlegal.com/hub/gcalloway


-----Original Message-----
From: Jones, Anthony M <ajones@co.pinellas.fl.us>
To: For more information <communitydevelopmentbanking-l@list.cornell.edu>
Sent: Mon, 14 Apr 2008 10:43 am
Subject: RE: communitydevelopmentbanking-l digest: April 12, 2008



Excellent point! You can also get those listings free of charge from
your local County office.


************************************************** *******************
Note: this message is a public record, as is any reply received.

Anthony M. Jones, Director
Pinellas County Community Development Department
& Housing Finance Authority of Pinellas County
600 Cleveland Street, Suite 800
Clearwater, FL 33755
Phone: 727.464.8230
FAX: 727.464.8260

ajones@pinellascounty.org
http://www.pinellascounty.org/community

All transmissions to and from Pinellas County are subject to the Public
Records Laws of Florida,
************************************************** ******************


-----Original Message-----
From: bounce-2582882-4991389@list.cornell.edu
[mailto:bounce-2582882-4991389@list.cornell.edu] On Behalf Of For more
information digest
Sent: Sunday, April 13, 2008 2:00 AM
To: communitydevelopmentbanking-l digest recipients
Subject: communitydevelopmentbanking-l digest: April 12, 2008

COMMUNITYDEVELOPMENTBANKING-L Digest for Saturday, April 12, 2008.

1. a question about identifying homeowners in default
2. RE: a question about identifying homeowners in default

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Subject: a question about identifying homeowners in default
From: "Hannah McKinney" <Hannah.Mckinney@kzoo.edu>
Date: Sat, 12 Apr 2008 10:14:06 -0400
X-Message-Number: 1

Michigan has recently enacted "Save the Dream" legislation that creates
a mechanism to refinance ARMs and also has a rescue fund component. We
have a local coalition that has been working on foreclosure issues and
have come to realize that predatory lenders can identify individual =3D
homeowners who are in default and in danger of foreclosure. If we could
do the same, we could help homeowners access the Save the Dream programs
which are targeted to pre-foreclosure homeowners. So my question is
this: how does an entity identify target homeowners? Could a community
coalition do the same thing? Where do we get the information?
Thanks!!!

Hannah McKinney
Professor of Economics and Business
Kalamazoo College


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Subject: RE: a question about identifying homeowners in default
From: "SDUEC" <eddie@sduec.org>
Date: Sat, 12 Apr 2008 09:30:24 -0700
X-Message-Number: 2

Yes, a community coalition or individual can do the same thing. You can
go
to http://www.countyrecordsresearch.com/ and get a listing of defaults
and
foreclosures in a specified geographical area.



We (San Diego Urban Economic Corporation) have been using it to not only
identify those how need expeditious assistance, but which also
identifies
the lender to target for chastising.



We've been able to target market to specific homeowners whom we KNOW to
be
in danger and have been able to assist approx 35 homeowners with KEEPING
their homes. (That may seem like a small number, but we are a small
organization). In addition we've been able to educate those whom are
not in
danger so that they may become stronger advocates for the assistance
SDUEC
provides.



Conversely, we are also looking for capital to fund a land bank or trust
in
targeted areas to combat capitalistic speculators who are buying
properties
to rent out, with no

regard to the fabric of the communities. There is the possibility for
community based organizations to increase and broaden their social
portfolios and goodwill work by owning more of their respective
communities,
as opposed to speculators whose only concern is profit.





Eddie Price, President

San Diego Urban Economic Corporation









_____

From: bounce-2581697-5317872@list.cornell.edu
[mailto:bounce-2581697-5317872@list.cornell.edu] On Behalf Of Hannah
McKinney
Sent: Saturday, April 12, 2008 7:14 AM
To:
Subject: a question about identifying homeowners in default



Michigan has recently enacted "Save the Dream" legislation that creates
a
mechanism to refinance ARMs and also has a rescue fund component. We
have a
local coalition that has been working on foreclosure issues and have
come to
realize that predatory lenders can identify individual =3D
homeowners who are in default and in danger of foreclosure. If we could
do
the same, we could help homeowners access the Save the Dream programs
which
are targeted to pre-foreclosure homeowners. So my question is this:
how
does an entity identify target homeowners? Could a community coalition
do
the same thing? Where do we get the information? Thanks!!!

Hannah McKinney
Professor of Economics and Business
Kalamazoo College



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END OF DIGEST