Old Brooklyn Community Development Corporation (OBCDC) ( www.oldbrooklyn.com) has been engaged in a foreclosure prevention/awareness campaign for the last year and half. This effort has been in cooperation with Case Western Reserve Universities Mandel School of Applied Social Sciences, Center on Urban Poverty and community Development.
Through the Mandel Schools efforts local CDC’s like OBCDC have been given the opportunity to reach out to local residents who are at –risk for foreclosure, in an active foreclosure and even those who have a scheduled Sherriff sale. The data had been provided to the CDC’s on a quarterly basis but is now updated every Tuesday through a newly formed Old Brooklyn/Brooklyn Centre Neighborhood Stabilization Team and its access to the expertly developed web application.
The web application was developed through Case Western’s partnership with Neighborhood Progress, Inc. (www.neighborhoodprogress.org) and their Neighborhood Stabilization Team (NST).
OBCDC has since begun its outreach to homeowners who have at-risk mortgages. At-risks mortgages have been discussed in previous Old Brooklyn news articles in depth, but are mortgages in which there are greater occurrences of default and foreclosure due to the underwriting, excessive points & fees or high interest rates that are adjustable.
If you or any one you know may be in need of foreclosure prevention assistance, please do not hesitate to contact OBCDC at 216-459-1000 and ask for either David Waldman or Lori Peterson. Remember, do NOT pay for foreclosure prevention assistance, the city of Cleveland and its community development/non-profit world is a leader in foreclosure prevention techniques, and outcomes.