Coverage on SC Foreclosure TRO

For additional coverage on this issue:

-RFW

$44 million infusion to 20 counties to mitigate foreclosures!

The South Carolina State Housing Finance and Development Authority (SCSHA) announced the $44,673,692 infusion to South Carolina via the U.S. Housing and Urban Development’s (HUD) Neighborhood Stabilization Program (NSP) to help 20 counties with the highest foreclosure rates and targeted areas with high levels of subprime mortgages, mortgage defaults and delinquencies.

Greenville County received $2,262,856 and Richland County received $2,221,859 in separate allocations.

To review the HUD interactive map online, click here. According to the SCSHA, the NSP received allocations over $2 billion via the American Recovery and Reinvestment Act.

Thanks to the Columbia Regional Business Report for tipping SC Access to Justice about the story.

-RFW

NACA estimates now close to 20,000

The numbers are in to both CRBR and WIS-TV and it looks like close to 20,000 were served by NACA this weekend in Columbia.

-RFW

See previous articles here and here.

Save the Dream Tour Brings Hope to Homeowners

When: MARCH 13th – 16th

Where: Columbia, SC

What: NACA Save the Dream Event allows some homeowners to restructure their mortgages the same day

Hosted by: Representative James Clyburn

Cost:  FREE

Thousands line up to meet with Neighborhood Assistance Corporation of America (NACA) counselors to discuss their mortgages and keep their homes. According to an article in the Columbia Regional Business Report (CRBR), more than 10,000 people participated in the first three days of the Save the Dream event. NACA’s role is to work with homeowners and lenders to stave off foreclosures; often by reducing mortgage rates.

U.S. House Majority Whip James Clyburn was instrumental in bringing the group to Columbia. According to the CRBR report, Rep. Clyburn noted that “homeownership is the most widespread access to wealth in this country.”

According to an article in The State, 202 counselors were on hand to evaluate each homeowner’s situation; which averaged 45 minutes per case.

Even though the special event ends today, NACA will continue its work in South Carolina at its offices in Columbia and Charleston as well as its nearby offices in Augusta, Georgia and Charlotte, North Carolina.

If you are a homeowner and have questions, click here or call toll-free 1-888-302-NACA. Information is also available in Spanish here. (Español aquí)

-RFW

Breaking News from Columbia Business Report

More on UNEMPLOYMENT . . .

According to the Columbia Regional Business Report (CRBR), the South Carolina unemployment numbers are off by 21,000,per revised figures released today by the U.S. Department of Labor.

Also in CRBR’s report

The U.S. Department of Labor reports that South Carolina still has one of the highest unemployment rates in the country. Only Michigan, Rhode Island, California and Washington, D.C., had higher unemployment for 2008 than South Carolina, which ended the year with 6.9%.

-RFW

Addendum re: SC Unemployment

South Carolina: 3rd highest unemployment in the USA

see also

CRBR Features South Carolina Interactive Foreclosure Map

For those of us who enjoy interactive websites, Columbia Regional Business Report (CRBR) has one that details foreclosure data for South Carolina.

While it may not be as much fun as an online IQ test or popcap game, it does offer some insight into the problem facing many South Carolinians as we work through the recession.

Thanks CRBR for posting this.

-RFW