Released: June 23, 2008
Cities fight foreclosures with unusual tactics
Source: Associated Press [USA Today]
Just two months ago, Aaron Brokenbough had no clout and little say when lenders moved to foreclose on his home. His Philadelphia row house was scheduled for a sheriff’s sale, the end of the road for most homeowners who are behind in mortgage payments.
That was before a Philadelphia court decided to step in with this unusual order: Sheriff’s sales cannot go forward without a last-ditch effort by the lender and homeowner to work out a deal.
The court also gave Brokenbough some muscle, matching him with a volunteer attorney and housing counselor to take his side against his lender and their lawyers. Brokenbough feels a ray of hope.
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