$1.8 Million Dollars for Foreclosure Aid
Gov. Tim Pawlenty announced a plan to increase the number of foreclosure counselors in Minnesota in order to help homeowners with their mortgages.
The plan includes $1.8 million dollars in aid, bringing the number of counselors to 37, according to WCCO.
The money will not directly assist homeowners, but the counselors will be able to offer them advice on mortgage payment options and opportunities for financial aid, WCCO reports.
20,000 households are expected to lose their homes by the end of the year and thousands more are falling behind on their payments, according to figures provided by the Minneapolis non-profit HousingLink and the Greater Minnesota Housing Fund.
The plan is being paid by the Minnesota Housing Finance Agency and other private/local/charity organizations, WCCO reports.
To read the entire article, please go to: http://wcco.com/local/foreclosure.aid.homes.2.569754.html