New program will help stave off foreclosures

Published September 23, 2006 4:00am ET



Baltimore homeowners who face foreclosure have a new ally, thanks to a coalition working in conjunction with government groups.

Mayor Martin O?Malley on Wednesday will announce a counseling support group that will help financially troubled homeowners avoid foreclosure.

“It?s not an unusual problem,” said Carol Gilbert, program officer with the Goldseker Foundation, a 30-year-old Baltimore foundation that supports nonprofit organizations helping communities and individuals in the Baltimore metro region.

The Goldseker Foundation funded a report by The Reinvestment Fund that shows the depth of foreclosures in the area. That report and the counseling support group will be made public at 10:30 a.m. Wednesday when O?Malley hosts a news conference in the Belair-Edison neighborhood at the corner of Parkside Drive and Kavon Avenue.

Joining O?Malley will be Paul T. Graziano, commissioner with Baltimore Housing; Marietta Rodriguez, director of NeighborWorks Center for Foreclosure Solutions in Washington; Colleen Hernandez, president of the Homeownership Preservation Foundation in Minneapolis; Mary Louise Preis, vice president for community relations with CitiFinancial in Baltimore; and Vincent P. Quayle, executive director of the St. Ambrose Housing Aid Center in Baltimore.

Gilbert said 3,600 filings for foreclosures were made in 2005, down from the 2000 level of 5,000.

“That?s still high,” she said, though a filing for foreclosure does not mean the mortgage holder foreclosed a property.

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