Thursday, October 23, 2008

"Sarasota County Considers Helping Homeowners Avoid Foreclosure"

Tough times call for creative measures, right? The potentially local good news is that Sarasota leaders are at least trying to do something proactive to help the rising rates of foreclosures AKA folks losing their homes, their jobs and their futures.

County administrator Jim Ley proposed a foreclosure prevention program this week that would divert funds from affordable housing programs, typically providing first-time homebuyers with downpayment assistance, to help homeowners keep their homes from going into foreclosure.

For more details, check out Zac Anderson's article in the Sarasota Herald Tribune:

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