Arizona Aid for Foreclosure meeting highlights:
A public meeting hosted Wednesday by the Arizona Housing Department to share and receive feedback on how it plans to spend $125 million in new federal funds to fight the foreclosure crisis.
Only homeowners living in "modest" primary residences would be eligible, not investors.
And anyone who applied for help would have to demonstrate their risk of foreclosure was due to reduced income from unemployment, a medical condition, divorce or death.
"We can't be all things to everyone," said Housing Department Director Michael Trailor . "This $125 million might seem like a lot of money. But when facing Arizona's foreclosure problem, it's not."
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About Kathleen Mazzocco
- Kathleen Mazzocco, Realtor in Anthem, AZ Relocation to Scottsdale, AZ
- Scottsdale, AZ, United States
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