Friday, September 24, 2010

ARIZONA: New foreclosure assistance program available in state | KVOA.com | Tucson, Arizona

New foreclosure assistance program available in state | KVOA.com | Tucson, Arizona:
"President Obama announced on February 19th that the U.S. Department of Treasury would be financing $1.5 billion in foreclosure mitigation to those states hardest hit by the housing crisis, with Arizona receiving $125.1 million of those funds.

One of Arizona's earliest concerns about the award was the sheer number of Arizonans facing foreclosure and the realization that the Treasury award, while a significant amount of money, could do little to stabilize a problem of overwhelming magnitude."

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