Oakland County teaches foreclosure prevention

Thursday, March 26, 2009 | Source: metromode
Many metro Detroit communities are counting their federal foreclosure money these days as they find ways to get people into wayward houses. Oakland County is trying to nip that problem in the bud with its "My Future Home Ownership Retention" seminar.

The free event, to be held in Royal Oak, is focused on intervening and preventing foreclosures in Oakland County. It will offer information and assistance, such as making modifications to mortgages, budgeting, and the devastating impact a foreclosure will have on credit reports.

The idea is that keeping people in their homes will help to maintain property values, stop the displacement of families, and keep property taxes up to date. Many foreclosures have turned into neighborhood blights, dragging down nearby property values.

Among the agencies there to help will be the Oakland County Community & Home Improvement Division, Lighthouse Community Development, and Oakland Livingston Human Service Agency.

The seminar will be held at 7 p.m. Monday in the Royal Oak Public Library, 222 E. Eleven Mile Road. For information, call (888) 350-0900 ext. 85402 or click here.

Source: Oakland County
Writer: Jon Zemke
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