N E W S L I N K Austin foreclosed homes at highest
With nearly 1,000 homes in foreclosure, Austin has the highest foreclosure rates in the city.
And in an effort to reverse that trend, the Westside Ministers Coalition has collaborated with Citibank to help at-risk homeowners keep their foreclosed homes, the local newspaper reports
Otis Monroe, of the Monroe Foundation, which provides technical assistance to start-up businesses, said the effort is to help stabilize communities by catching at-risk homeowners "on the front end" before they become victims of predatory lenders or Austin foreclosed homes scams.
"We are trying to have something that is proactive and that allows people to know their options - people need help," he insists. "They need to know what their legitimate options are."
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