Tuesday, October 9, 2012

Oakland seeks to stop scourge of foreclosures with $5 million plan

http://www.insidebayarea.com/breaking-news/ci_21735087/oakland-seeks-stop-scourge-foreclosures-5-million-plan

For 3,500 Oakland homeowners, the nightmare of the foreclosure crisis continues in stalled loan modifications and a new generation of scams.

They may, however, see some help from a new pilot program that plans to pool $5 million in federal, state and private money to help homeowners keep their homes or at least soften the landing of those who still will lose theirs. Others will have added access to much-needed counseling.



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