Help for Gulf Coast Homeowners?

Alright, I’ve got friends and family on the gulf coast who are considering forclosure due to the combination of the housing crisis and the oil spill. In light of this, I just got a flyer in the mail  about “Hope for the Gulf Coast” .   It reads, “Struggling to Pay Your Mortgage? Need Assistance to Save Your Home?”. 

This article shows how much value gulf coast homeowners will lose this year and over a period of five years due to the oil spill. It’s pretty crazy.  But, the National Association of Realtors posted this article on their website with alot of great information regarding real estate claims, including interactive videos put out by the Emerald Coast Association of RealtorsThis is another article on oil spill claims from the Emerald Coast Association of Realtors.  I realize that the claims process has been reportedly slow, but I would contact these folks before completely giving up, because you just never can tell…

So what are these nonprofits from “Hope for the Gulf Coast”  going to help the homeowners of the gulf coast with? Are they going to sit there in their metal folding chairs at the Pensacola Fairgrounds and pass the buck? Or, are they really there to help? I honestly don’t know. But, I think it’s worth checking out.  There are three events, one in Kenner, LA on Sept. 21st, one in Biloxi, MS on Sept. 23rd and the last one in Pensacola, FL on Sept. 25th.  Here is the listing of events for 2010.  The events are listed as “a broad partnership of the mortgage industry, non-profits, and local partners coming together to lead Gulf Coast homeowners down the path of recovery”.  Let’s hope so. There’s a lot of folks on the gulf coast who want to walk down the path of recovery, I can tell you that.


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