Lenders Promise Foreclosure Help to Mayors

At the U.S. Conference of Mayors held in Detroit on Tuesday, 11/27, lenders promised mayors to donate $100 for every property in foreclosure to fund credit counseling hotlines. Additionally, the Mortgage Bankers Association committed to assemble a database to help untangle who owns foreclosed properties, according to an article in the Detroit Free Press.

Below are some other resources cited in the Detroit Free Press if you're facing foreclosure:

• Detroit Home Ownership Preservation Enterprise, offering assistance to Detroit residents - 888-995-4673
• The Michigan State Housing Development Authority Hotline - 866-946-7432
• The Department of Housing and Urban Development counseling & referral line - 800-569-4287