The foreclosure prevention clearinghouse provides data and research summaries that have been selected and curated regarding policy-relevant real estate research and default prevention resources which are best suited to restoring municipalities and counties to former real estate stability. Responding to home foreclosures in a community takes concerted efforts but headway can be made if community members are mobilized and committed. Materials from the Clearinghouse have been provided by the folks at www.ForeclosureResponse.org, as well as academic, external organizations, and other community members such as business associations, chambers of commerce, and community leaders.
Why Foreclosure Matters
Restoring Homes and Neighborhoods
This focused effort on current default patterns in the housing market and investment into the health and safety of neighborhoods. The effects on owners, renters, and/or investors–have been examined regarding real estate activity in cities, counties and hardest hit states such as California, Arizona, and Florida.
Common Patterns in Neighborhoods After Foreclosure
Researchers offer case studies for the real estate experience after foreclosures. These progress post-recovery, with overall real estate trends and real estate ownership. Opportunities exist in the real estate markets; however, there are limits to the benefits which private capital can do to help within the affected communities. Additionally, strategies exist for best handling the low/sub-prime valued homes.
Wrap Up: Next Steps, Issues, and Gaps in the Default Market
Consider multiple scenarios before pulling the trigger on a strategy. Review options with constituents such as business owners, community leaders, and with the best interests of the homeowners who will potentially be affected.