Policy Guide for Foreclosure Prevention
The Real Story on Foreclosure. Why and How to Craft the Proper Foreclosure Response
Additionally, it is important to understand the reasons why stopping foreclosures and moving a community back in the right direction matters for families, lives, and communities.Ways which foreclosures impact families: For those folks who face foreclosure with children and a spouse who depend on them, consider the ways which foreclosure can be overcome when coming together as a family.
A home foreclosure classifies as an extremely traumatic life event for families. The fact is especially valid in the case of children. Approximately 9.0 million children have been affected by home foreclosure at the time of publication in February 2014, such as those children which have lost homes already as well as ones who face immediate foreclosure risk .
|Foreclosures have the effect of disrupting children’s normal lives via several methods:
Communities benefit and improve systems and services which can be provided to families to minimize the amount of harm to children who live in homes which have been foreclosed. Learn program and policy strategies for various sectors.
How Foreclosures Affect Real Estate Communities
Strengthen the Local and State Policy Environment
Develop an Action Strategy for the Local Community
Assess Foreclosure Prevention Progress
Expand foreclosure monitoring on properties and subsequently monitor homeowners
in their attempt to resolve real estate code violations effectively in reducing the general neighborhood decline.
Obtain, rehab, and handle management of foreclosed properties.
This section divides the numerous tools for reusing foreclosed properties into two main roles that communities can play: