A nationwide campaign to contain foreclosed home inventories and discrimination in housing has been launched by the Department of Housing and Urban Development in partnership with the National Fair Housing Alliance. The HUD and NFHA will distribute media materials nationwide to inform consumers about foreclosure prevention, predatory loan avoidance and rental discrimination prevention. The media materials will be distributed by members of the NFHA, the Leadership Conference on Civil Rights and other consumer organizations across the country. At the annual conference of the NFHA in Washington, D.C., HUD Secretary Shaun Donovan explained that the Making Home Affordable program of the Obama administration will become more effective if fraudulent foreclosure counselors are exposed and prevented from getting clients. Shanna Smith, president of the NFHA, also spoke and discussed the consequences of years of predatory lending and large numbers of foreclosed home inventories in lower-income communities. The media campaign will use posters, print ads, television and radio public service announcements, movie slides and airport dioramas in Spanish, Chinese and English versions. There are four types of families that would be helped by the media campaign: households that need to refinance their home loans, families facing foreclosure, households evicted from foreclosed houses and are already renting, and families planning to buy a home, particularly those buying a foreclosed home. The web sites of the HUD and the Making Affordable Home program will have a crucial role in the media campaign because most of the media materials will direct families to visit the web sites to obtain further information and help. The web sites will direct troubled homeowners to free HUD-certified foreclosure prevention counselors and housing agencies. Prospective homebuyers will be given links to the Federal Housing Administration and to the other federal agencies holding foreclosed home inventories. Families planning to buy their homes for the first time will also be directed to the web site of the Making Home Affordable program, which will help them take advantage of low mortgage rates, low foreclosed home prices and the federal tax credit. There are also links to state housing agencies that have their own affordable housing programs and bridge loan programs that supplement the federal housing program. Finally, the media materials will also inform consumers about the Fair Housing Act, which was enacted years ago to prevent discrimination in the housing sector. It covers all housing-related activities, including foreclosed home transactions.
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The HUD, in partnership with the National Fair Housing Alliance, has started a media campaign to contain foreclosed home inventories and to prevent discrimination in housing transactions. Media materials will be released in Spanish, Chinese and English versions.
Joseph Smith has been educating buyers on the finer points of Foreclosed Home at Foreclosure-Support.com for over five years.
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