Foreclosure Review PSAs May Miss The Mark, Consumer Advocates SayJanuary 4, 2012
Foreclosure Review PSAs May Miss The Mark, Consumer Advocates Say
News from Huffington Post:
“If you faced foreclosure in 2009 or 2010, the government may have good news for you,” reads new advertisements released by the federal government on Wednesday. The ads, slated to appear in more than 7,000 newspapers and 6,500 radio stations, are the latest effort to make borrowers aware of a new federal initiative that aims to help homeowners victimized by fraudulent foreclosures.
But consumer advocates reached Wednesday said the “good news” was more of a mixed bag for homeowners. For one, it’s not clear that the government’s message will reach a wide enough audience.
(This story has been updated to include additional information from the OCC and the National Fair Housing Alliance).
“The ads are still not very effective,” said Diane Thompson, a national housing expert and attorney at t…………… continues on Huffington Post
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