State News

April 5, 2012

Money for people facing foreclosure goes unspent

ATLANTA — Authorities say millions of dollars in a fund intended to help unemployed Georgia homeowners avoid foreclosure have gone unspent, even as 12,000 residents get foreclosure notices each month.

The Atlanta Journal-Constitution reports (http://bit.ly/HVv0Xl) that more than a year ago, Georgia got nearly $340 million in federal funds to help unemployed homeowners avoid foreclosure.

Since the official launch of HomeSafe Georgia’s in April 2011, the state has awarded $23 million, helping fewer than 1,000 Georgians keep their homes.

Critics and supporters of the program say the state has failed to adequately market the program. And of the people who have applied, too few meet the guidelines the state established.

Georgia Department of Community Affairs Phil Foil says the state should have done more early on to inform people about the program.

———

Information from: The Atlanta Journal-Constitution, http://www.ajc.com

Text Only
State News

Community Calendar
Loading…
Events by eviesays.com
AP Video
Probe Begins After Conn. Commuter Trains Crash NTSB Begins Investigation Into Conn. Train Crash Lotto Fever Sweeps the Country Conn. Commuter Trains Collide; 60 Go to Hospital Coffee Run Leads to Hatchet Hitchhiker Arrest Fmr. IRS Head Insists No Politics in Targeting CDC: Fecal Bacteria Common in Swimming Pools $1 Million in Jewels Stolen at Cannes Film Fest NM Mom Chases Down Child Abductor Raw: Crash Sends Car Into Fla. Pool Raw: Obama Sits Down With Elementary Kids Raw: Bear Falls From Tampa Tree Ousted IRS Chief: Errors Not Caused by Politics Terror Suspect Due in Court in Idaho Friday Raw: Driver Ejected From Truck, Over Bridge Could Tobacco Be the Next Biofuel? Wash. State Releases Draft Rules for Legal Pot Dying Man's Blinks Lead to Murder Conviction Officials: Texas Tornado Likely Had 200 Mph Wind Brothers Arrested in NOLA Parade Shooting