Homeowners at risk for foreclosure offered free counseling in Richmond

The Federal Reserve Bank of Richmond, Housing Opportunities Made Equal of Virginia Inc., and the city of Richmond will co-sponsor a clinic for homeowners who may be at risk of foreclosure. Free foreclosure and fraud-prevention counseling will be offered, and homeowners will get to meet with a HUD-approved counseling agency to work on solutions to help them stay in their homes.

According to February data from McDash Analytics, 5.85% of the loans in Richmond area were more than 90 days past due. The average for Virginia is 4.92%.

Read more in the Richmond Times-Dispatch....

Posted on Thursday, April 22, 2010 - 8:27pm