Articles related to: Foreclosure
Citing a need to improve public safety and positively impact property values, Governor Scott Walker this week announced a $2 million program to help the City of Milwaukee through the elimination of blighted properties. Governor Walker, Mayor Tom Barrett and a host of other city officials participated in a press conference announcing the program in the 2500 block of North 34th Street.
“We want to do our part to help,” Governor Walker said. The event drew many residents of the neighborhood, some of whom vocalized support of the program and its …
City Treasurer Spencer Coggs announced that the Milwaukee Common Council has, this week, passed legislation implementing a proposal made by his office to allow taxpayers to pay both their property taxes and “special charges” together on a ten-month, interest free installment plan.
This ordinance would be implemented with the December 2013 property tax bills and would have the effect of keeping many property owners from going delinquent. Alderman Robert Bauman presented the plan to the Judiciary and Legislation Committee and to the full Council on behalf of his Special Joint Committee …
Majority of funds will be designated to City’s housing and foreclosure crisis
Mayor Tom Barrett today announced his plans to commit significant resources from the Community Development Block Grant Fund to solve the City’s housing crisis. The total amount that will be reprogrammed comes to approximately $2.3 million dollars, with a majority of the funds allocated toward housing projects. Considerable funds will also be designated to improving the City’s employment, environmental sustainability, quality of life and opportunities for Milwaukee youth.
Resources will be distributed to City Departments and community organizations for the …
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By Charlene Crowell
A few days ago, HUD released data showing that more 620,000 troubled homeowners received more than $50 billion in principal reductions and savings. These actions were the direct result of the National Mortgage Settlement, negotiated by America’s largest banks, state Attorneys General, and the Obama administration. Despite this success, the Congressional Budget Office recently reported that 13.2 million mortgages remain underwater, which is defined as owing more than the homes are now worth.
Earlier this year, the Center for Responsible Lending and its ally Consumers Union jointly offered …