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THE LEHIGH VALLEY’S FORECLOSURE CRISIS
A SURVEY OF HOMEOWNERS SEEKING CACLV INTERVENTION
CACLV is committed to helping low- and moderate-income people in the Lehigh Valley weather the continuing mortgage crisis by ensuring that as few families lose their homes as possible. One important step toward achieving this is to study the foreclosure crisis and use the information gleaned to plan as we move forward. Toward that end, CACLV recently conducted a 35-question loss mitigation phone survey with 60 people who had sought our foreclosure mitigation services, the highlights of which are found below. In addition, a compelling finding came to light during this process that supports the theory that homeownership counseling provides a buffer against foreclosure–only 2 of the 455 homeowners who received CACLV’s foreclosure diversion services in 2009 also graduated from CACLV’s Homeownership Counseling Program.
Click HERE to read the complete report.

