Mayor Greg Fischer Newsroom
Louisville Foreclosure Prevention Hotline Postponed Due to Winter Storm
Thursday February 21, 2008
Help still available by calling 2-1-1
Metro Government and Metro United Way are postponing the second night of a phone-a-thon aimed at helping those who are facing foreclosure.
However, last night’s counseling effort was a success, with 549 people calling United Way’s 2-1-1 hotline with foreclosure concerns.
Half of those people were homeowners behind on their payments, but not yet in a foreclosure situation. Around 25 percent of those who called are already in foreclosure proceedings.
Dozens of volunteers were expected to answer phones on the hotline this evening. Those volunteers are now being allowed to go home ahead of today’s winter storm.
Earlier today, Mayor Jerry Abramson today called for employers, especially those at Louisville’s major employment centers, to stagger the early release of employees.
Tonight, those concerned about foreclosure can still call 2-1-1 and leave a message for a counselor. That call will be returned within 24 hours.
Counselors will help those who call avoid foreclosure by working with lenders to modify loans and payment structures. Many of those who are already in the foreclosure process will be offered legal advice.
The Louisville Foreclosure Prevention initiative is a partnership with non-profit organizations, banks and real-estate professionals that includes counseling for hundreds of homeowners and financial assistance for a limited number. The main message from the initiative’s partners is: “Don’t wait until it’s too late.”
More information and resources are available at www.louisvilleky.gov/foreclosure.