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Posts Tagged ‘community’

Farewell 2006! Thanks to the Audience of BiggerPockets.com Real Estate Investing Guide!

December 31st, 2006 by Joshua Dorkin | 4 Comments | Filed in BiggerPockets News, Real Estate Resources

On this last day of 2006, I just wanted to once again thank everyone for visiting! It has been an amazing year, and we’ve come a long way. We’ve had hundreds of thousands of visitors view many millions of pages!


disney-fireworks-2006.jpg

Photo Taken at Hong Kong Disneyland 11/06

If you’re a reader of this blog, but haven’t yet really explored our site, take a look! We’ve got tons of great resources!

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If you’ve got any ideas, thoughts, or feeback that you’d like to share with us, please don’t hesitate to contact me at josh (a)(t) biggerpockets.com! Many of the things you see on our site have come thanks to emails from our readers.

I’d like to wish everyone a Happy New Year from the family here at BiggerPockets.com!

SEE YOU IN 2007

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When It Comes To Foreclosures, Keep It Local!

October 24th, 2006 by Charles Feldman | 3 Comments | Filed in Foreclosures, Mortgages

Is there anything a mortgage lender can do to help head off a foreclosure?

According to an article in the Houston Chronicle written by Lingling Wei of Dow Jones Newswires, the answer is yes…and the answer happens to be, community groups.

The article highlights the East Side Organizing Project in Cleveland. It is a neighborhood organization founded more than 10 years ago to improve schools in the area.

But, the local group is now acting as a liaison between “financially strained borrowers ” and their mortgage lenders.

As one example, the article talks about the White family..they came very close to having to hand over their home to the lender. Enter, East Side Organizing Project.

The Project brokered a deal with another lender who agreed to give the Whites a $147,000 loan to pay off their existing $167,000 mortgage. Meantime, as part of the deal, the original lender waived the $20,000 difference.

With more and more mortgage delinquencies and defaults, the article says, community groups “are becoming increasingly valuable to financially stressed homeowners to battle against foreclosure.”

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