California Governor Offers Plans to Stop Foreclosures
California Governor Arnold Schwarzenegger reveals plan for state assistance to stop foreclosures
The Governor announced a public awareness campaign aimed at California homeowners who may be staring down the barrel of foreclosure. According to the Governor’s website, he stated,
“Our message is that lenders are willing to work with borrowers on finding a solution. But right now we are seeing homeowners who are afraid to even talk with lenders,” said Governor Schwarzenegger. “In fact, loan officials have not been able to reach borrowers in more than half of all foreclosures. Some of these homes could have been saved, so seek out a solution now before it is too late.”
This 1.2 million dollar campaign is designed to educate California homeowners how and where to seek assistance with their mortgage to avoid foreclosure. California is one of the top 10 states with the highest foreclosure of homes.
Check out the Governor’s video below on his stop foreclosure plan.
