 | Daily Real Estate News | July 2, 2009 |
NAR Gives to Foreclosure Prevention Programs
The National Association of REALTORSŪ has awarded more than $682,000 to 25 local and state REALTORŪ associations through its Foreclosure Prevention and Response grant program. The grants help REALTORŪ boards develop and fund local foreclosure-prevention programs.
More than $3 million is available to state and local associations through the program to help REALTORSŪ, their clients, and communities nationwide resolve the growing foreclosure problem. Funds can be used to:
- Give consumers foreclosure prevention information and financial counseling.
- Educate and train REALTORSŪ about foreclosure prevention, short sales, and auctions.
- Help RealtorsŪ and their associations form partnerships and get more involved in their communities to address foreclosures and support local neighborhood stabilization efforts.
“REALTORSŪ build communities, and as the leading advocate for homeownership and housing issues, we believe that any family that loses its home to foreclosure is one family too many,” NAR President Charles McMillan says. “Foreclosures affect each community differently, which is why NAR is providing the Foreclosure Prevention and Response grants directly to local and state REALTORŪ associations – so that they can develop unique, coordinated action plans to prevent foreclosures and minimize their adverse effects on the community.”
NAR has also developed a Foreclosure Prevention and Response Toolkit for local and state associations. This free online toolkit helps associations develop a local foreclosure response program and support the work of REALTORSŪ in the community. Toolkit resources include a list of training programs, government and other grant programs, and opportunities for community involvement and best practices, including developing community-wide strategies.
Additional information on the approved grants is available at www.realtor.org/foreclosure.
— NAR
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