Irvington Herald /

Foreclosure Troubles: Be Smart, Be Informed

Irvington Herald — Thursday, December 2, 2010

Point Of View
By Kathleen Witcher

During the past several months, the Irvington NAACP has endeavored to help residents of the Irvington area to stay in their homes. There have been workshops where the New Jersey Citizen Action agency has offered free advice to homeowners who are faced by rising property taxes and are overwhelmed with bills, bills and more bills. Some of the homeowners are almost ready to leave their homes behind as foreclosures by the mortgage companies and banks loom.

The answer to home foreclosure is to tackle the task with courage. The homeowner should not give up and leave home. The data shows that homes are now in 40 percent foreclosure in Irvington township. And the bad picture shows that foreclosures may double in the next year, according to the NJ Citizen Action agency. However, there are some things now going into place to avoid that.

This article lists a few suggestions that are necessary to staying in our homes which are at least our largest lifetime investments. You will need a lawyer. You might call 888-576-5529 for Legal Services or you might contact a firm by attending the Friday NAACP meeting at 7:30 p.m. at 60 Paine Ave., Irvington. The idea is condensed into several steps that are essential:

Your documents are proof of your good faith to make payments.

In additional discovery, you will want to find out the actual value of your home. An appraiser can help you with this. By attending the Friday meeting of the Irvington NAACP, you will be able to contact a certified home appraiser for help. Do not go to those who place fancy ads in newspapers and who are not experienced for the help that you need now.

Be encouraged that there are organizations, including Peoples'' Organization for Progress, that are working to demand that the banking system be held accountable for scams that are costing people to lose their homes. By becoming active and progressive, you may well save your home,

Kathleen Witcher is president of the Irvington NAACP.

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