here are strategies homeowners can use to get through the current home finance crisis. A group of volunteer professionals are sharing those ideas and information at a free community workshop Feb. 18 for distressed mortgage holders that will be held at the Salvation Army Church community room in Concord.
Despite news of recent government proposals, homeowners struggling with high payments on loan amounts exceeding their home’s current value may not expect new programs to be a magic bullet that will save them, according to attorney and workshop panelist, Brian A. Ripley.
“The government is not going to be the answer,” Ripley said.
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It will do relatively little to stop the ongoing wave of home foreclosures or revive the deeply depressed housing market, however.
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