More than 200 counselors from organizations around the country registered for up to five days of foreclosure intervention counseling training delivered by NeighborWorks America through its Center for Homeownership Education and Counseling this week.
‘It's vitally important that we strengthen and expand the capacity of the nonprofit community to deal with the growing foreclosure crisis,’ says Timothy Adams, Mid-Atlantic district director for NeighborWorks America. ‘With more than 8 million families living in homes worth less than their mortgages and one out of four subprime mortgages already in delinquency, the housing counseling community is needed more than ever to help slow the rise in foreclosure.’
NeighborWorks America estimates that more than 3,000 training certificates in homeownership, foreclosure intervention and default counseling will be earned at this and other training classes around the country in 2008.
In addition to training counselors, the organization is engaged in a national public service advertising campaign with the Ad Council and the Homeownership Preservation Foundation. The ads, which are airing on television and radio and available for other media such as print, outdoor and the Internet, urge consumers to reach out for assistance if they think that mortgage trouble is headed their way.
