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Seminar Accompanies More Local Foreclosures

LOWER POTTSGROVE PA – Plans for a seminar about federal resources available to home owners facing the threat of foreclosure were announced Wednesday (April 8, 2009) by Lower Pottsgrove’s congressman, as Pennsylvania’s governor reminded the public that additional money has been added to the state’s Home Emergency Mortgage Assistance Program (HEMAP).

Meanwhile, 11 Lower Pottsgrove properties were scheduled for sale April 29 (2009; Wednesday) at auction by the Montgomery County (PA) sheriff.

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A seminar, titled “Weathering the Foreclosure Storm,” will be hosted by Rep. Charlie Dent, PA 15th Dist., on April 15 (2009; Wednesday) from 6-8 p.m. in the community room of Allentown Public Library, 1210 W. Hamilton St., Allentown PA. For more information or to reserve a seat, call Megan Everett in Dent’s Bethlehem PA office at 610-861-9734, or send her an e-mail.

Experts from the Pennsylvania Housing Finance Agency (PHFA), the Community Action Committee of the Lehigh Valley, and other organizations will address issues relating to the housing market downturn and describe help available to home owners who need mortgage assistance, his office said. Panelists will answer audience questions following the presentation.

Gov. Ed Rendell, who met Wednesday in Philadelphia with families facing financial troubles, said foreclosures in Pennsylvania more than doubled last year, and an increasing number of families were turning to the state for help staying in their homes. The governor during February redirected $5 million in additional funding to HEMAP so the program could assist approximately 550 additional families.

There were nearly 43,000 foreclosure filings in Pennsylvania in 2008, according to state reports, a 127-percent increase over 2007. In February 2009 alone, there were 3,682 foreclosure filings in Pennsylvania, including 1,551 in Philadelphia and its suburban counties.

The statistics included local economic casualties.

Among 434 properties that appeared today (Thursday, April 9, 2009) as listed by the county Sheriff’s Department for sale later this month were the following in Lower Pottsgrove (PA) Township. Several are grouped within the same neighborhoods or developments. They are identified by address, lender, debt amount, and current disposition:

  • 14 Augusta Dr., HSBC Bank, $242,143; for sale
  • 7 Country Dr., HSBC Bank, $232,637; for sale
  • 5 Creekside Dr., Wells Fargo Bank, $172,802; postponed to June 24
  • 20 Creekside Dr., JP Morgan Chase Bank, $248,569; postponed to May 27
  • 2602 Terraced Hill Ct., Wells Fargo Bank, $107,679; postponed to May 27
  • 2804 Walnut Ridge Estates, Wells Fargo Bank, $214,429; postponed to May 27
  • 9 Lee Dr., HSBC Bank, $493,808; postponed to May 27
  • 806 Walnut Ridge Estates, Citimortgage, $124,196; postponed to May 27
  • 35 Creekside Dr., US Bank, $231,380; postponed to May 27
  • 3608 Walnut Ridge Estates, Countrywide Home Loans, $131,876; postponed to April 29
  • 1309 Walnut Ridge Estates, National City Mortgage, $150,462; postponed to May 27

Sale costs, ranging between $1057 and $2096 depending on the property, accompany the amounts owed.

There is no guarantee any sale will occur. Many have already been postponed until May, possibly because owners and their lenders are at work on agreements that bring a property out of foreclosure, or allows it to be sold privately.

Composite photo images from Clipart.com

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