Community

Email Notifications

Archives

Delaware Foreclosure Seminar Set for Today

An anti-foreclosure seminar in Wilmington, Del., is set for today to help at-risk families stay in their homes.

The “Relief Pitchers” anti-foreclosure seminar, whose sponsors include the Lieutenant Governor's Task Force, Office of State Banking Commissioner and the Delaware State Housing Authority, is meant to help civic leaders identify families at risk for foreclosure and de-stigmatize the process of getting help. Speakers include:

  • Lt. Gov. John Carney Jr.
  • U.S. Sen. Thomas Carper
  • Rev. Maurice Butler, Pastor, Elizabeth AME Church
  • Saundra Johnson, Executive Director, DE State Housing Authority
  • Roland Ridgeway, President, Federation of DE Housing Counseling Agencies

The event starts at 1 p.m. in the Carvel State Office Building, 820 N. French St., in Wilmington, and civic leaders who want to register can go to http://www.destatehousing.com/rsvp.php or call the Delaware State Housing Authority at 1-888-363-8808.

Posted: Mon, September 29 2008 2:26 PM by Octavion
Filed under: , , ,

Comments

Joe Drobinski said:

If I were to buy a house, I would wait until 2016, when the market will probably pick up. I think there is more downside in the economy with the current credit crisis. It will take that long for the confidence to return and families are able to re capitalize their balance sheets. Also, you will need to see a fall in the number of foreclosures to pre-2005 levels. I think this will be when there are about 7 million foreclosed homes. The first indicator will probably be when unemployment stops rising and does begin to fall. The other issue is if you buy now as an investor you may be lumbered with a property you can't rent due to rising unemployment. Unless there are government incentives to buy a home, I think when all these factors are considered that would I assume be the bottom.

# October 11, 2008 6:56 PM