San Jose to Reward Banks That Help Homeowners Facing Foreclosure
December 17, 2009 by admin
San Jose city officials say they plan on using the clout of the city’s finances to get banks to tow the line on foreclosures.
Mayor Chuck Reed says he wants to reward banks who help financially troubled South Bay homeowners, and punish those that don’t.
In an effort to help those struggling to keep their homes, city leaders last week approved a new policy to invest with banks participating in the home affordability modification program.
Read more about helping homeowners…
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