Facing the Mortgage Crisis

Every day, more and more families throughout our region lose their homes because they have lost their job, or can’t afford unexpectedly larger mortgage payments. As unemployment increases, adjustable rate mortgages re-set and property values fall, homeowners at all ends of the economic spectrum find themselves facing the prospect of foreclosure. In Montgomery County alone more than 41,000 homes have been foreclosed in the last ten years, burdening neighborhoods and local governments with vacant properties that invite crime and lower property values even further.  In response to the crisis that is threatening our neighborhoods and cities, Think TV in partnership with WYSO has launched Facing the Mortgage Crisis, a community initiative designed to connect area residents to trusted foreclosure prevention resources. Visit WYSO’s Mortgage Crisis Web site at: WYSO Facing the Mortgage Crisis