work-out

"More-closure solutions" DN Editorial in favor of a reasonable approach to dealing with foreclosure volume


PUP Members and Clients for Reasonable Workout Program before City Council

The Daily News today editorialized in favor of the demands PUP and the coalition of groups working here to prevent foreclosure made before City Council last week.The editorial board wrote:

Those people on the front lines of the issue - such as ACORN and Philadelphia Unemployment Project- seem to agree that pressure must be put on loan servicers to work more closely with local housing agencies to devise workout agreements with homeowners facing foreclosure.

Lenders and servicers can't work fast enough - or don't want to - to handle large numbers of mortgage workouts. But they need to be pressured to come to the table and work with those on the front lines to help homeowners.

Click read more for a breakdown of our demands!

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