According to numbers provided by the Sussex County Association of Realtors (SCAOR), Sussex County saw a 44 percent jump in foreclosures between 2008 and 2009. That represents the largest jump in terms of percentage of any county in the state, according to SCAOR.
There are numerous reasons for the recent surge in foreclosures, both nationally and locally, from predatory lending to rising unemployment to other varying circumstances. To help people out with this situation, SCAOR has established the “Talk Before You Walk Away” program, provided by the group’s Housing Opportunity Partner committee.
The group is providing help to families in danger of foreclosure by providing information.
“We, as Realtors, are a powerful network,” said local Realtor Robin Masland. She continued to say that, since a high percentage of homes are sold through Realtors, her group collectively knows many of the people facing foreclosure, as well as having an understanding of what’s happening throughout the community.
And now SCAOR is pulling together its pool of contacts and resources to help families facing foreclosure.
They will hold two informational sessions, which will include a partnership of SCAOR, federal, state and local agencies. The first one is scheduled for Saturday, March 6, from 2 to 4 p.m. at the new Seaford Public Library. The second session is scheduled for Saturday, March 13, at SCAOR’s headquarters in Georgetown. Expected to be at the meetings are representatives from the Office of the Attorney General’s Consumer Protection Unit, Office of the State Banking Commissioner, Delaware State Housing Authority and HUD-approved agencies.
The organization hopes to help 100 families through financial consulting assistance, and strongly advises families to explore all options when facing foreclosure.
For more information on SCAOR’s efforts, visit their Web site at www.scaor.com. To call the Attorney General’s Foreclosure hotline, dial (800) 220-5424.