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GIF Staff: Dean
Katerndahl |
Foreclosures in the Kansas City Region
This has had an impact on credit markets and the overall economy. Unfortunately it looks like this situation will get worse before it gets better. The metro area has formed an informal task force to address this issue. The task force is focusing on three areas:
This web site will keep local governments up to date on foreclosure information and resources. Assistance to HomeownersLINC, with assistance from NeighborWorks and MARC, has created a local web site with information and resources for homeowners facing foreclosure. Its main feature is a listing of locally authorized housing counseling organizations. It is recommended that you post this link on your web site where homeowners can use it. Foreclosures in Your CommunityRealty Trac, a company that tracks foreclosures, has two web sites that tracks several categories of properties that are in foreclosure including bank owned, government owned, in auction, and preforclosure. There is a monthly subscription fee for for exact addresses, but you can find out about foreclosures down to the street level with maps and lists. Use the zip code not city. Presentations from the Federal Reserve Bank:Kelly Edmiston, Senior Economist for the Federal Reserve Bank of Kansas City, presented information on the extent of the problem in the Kansas City region and what to expect in the next year or two to the MARC Board of Directors at their March meeting.
Presentation from NeighborWorks: |
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