Follow Us on Social Media

email icon rss icon icon google plus icon twitter icon facebook icon

Pro-Home Saving Homeowners from Foreclosure

by Joshua Dorkin on July 31, 2006 · 0 comments


According to NBC’s Providence/New Bedford, affiliate station, there is a new non-profit group, Pro-Home, Inc., based in Taunton, Massachusetts, that is counseling homeowners who are facing foreclosure. While many investors salivate at the prospect of picking up foreclosed properties, it is a serious issue that many people face across the country.

Experts say many homeowners help create the problem by letting aggressive lenders pressure them into homes they can’t afford.

Mary-Ellen Rochette, Pro-Home executive director, said some on-line mortgage companies offer loans in which homeowners don’t need to prove income and are qualified for much more than they can afford.

And then, a few months later, she said they’re behind and can’t even get refinanced because they bought way over their means.

Its good to know that there is a non-profit out there helping this underserved group of people. They’re going to have a lot more work on their hands as interest rates climb.

More on Pro-Home

Email *

{ 0 comments… add one now }

Leave a Comment

Comment Policy:

• Use your real name and only your name in the field designated for your name.
• No keywords allowed as anchor text in the name or comment fields.
• No signature links allowed under your comments
• You may use links in the body of your comment, but it must be relevant to the discussion at hand, and not merely be some promotional link.
• We will have NO reservations about deleting your content if we feel you are posting merely to get a link without adding value to our discussion.
If you add value, but still post keywords, we'll use your comment, but remove your link and keywords.
• For more information about acceptable practice, see our site rules.

Want your photo to appear next to your comments? Set up your Gravatar today.

Previous post:

Next post: