Philly’s Foreclosure Program Is Becoming A National Model
Back in July we wrote about a foreclosure assistance program that was specific to the city of Philadelphia — a program that seemed to be generating far better results than other foreclosure-prevention efforts. Nearly some six months later, Philly’s “Residential Mortgage Foreclosure Diversion Pilot Program” is back in the news, and it’s gaining quite a bit of traction nationwide.
There were only a few details available this summer in regards to the Philly program and why it was as successful as it was. However, thanks to a recent article in the New York Times, we’re beginning to learn more:
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