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!

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!

• BiggerPockets Real Estate Investing Guide Home
• Real Estate Forums
• Real Estate Chatroom
• Property Listings
• Property Analysis Tool
• Real Estate Wiki
• Investing Articles

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

If you're new here, you may want to subscribe to our RSS feed or sign up for our real estate social network. Thanks for visiting!

Tags: best, biggerpockets, biggerpockets.com, community, estate, guide, real, Real Estate Investing

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.”

Tags: community, foreclosure, group, lenders, loan, mortgage