Www.PieceByPieceDouglas.com. Douglas County Foreclosures How Many Foreclosures Did Douglas County Have In 2010? 7,856 OR 1 in every 6 Homes.

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Presentation transcript:

Douglas County Foreclosures How Many Foreclosures Did Douglas County Have In 2010? 7,856 OR 1 in every 6 Homes

How Is Douglas County Addressing The Issue?

It Began With The November 30 th Meeting Of This Group

Westside HBA West Georgia Board of Realtors Douglas County Development Authority Douglas County Commissioner Douglasville Development Authority City of Douglasville Counsel Member Douglas County Housing Authority Greystone Power First Methodist Church of Douglasville Douglas County Chamber of Commerce Note: Primarily The Private Sector Initial Local Coalition

Keep People In Their Homes Get People Into Vacant Homes Address Un/Under Employment Our Local Objectives

Assist Homeowners In Remaining In Their Homes and Stabilizing Neighborhoods. Save-A-Home Task Force Objective

Task Force Make-Up Clergy Loan Officers County Commissioner Realtors Remodelers Appraisers Bankers Education/Assistance – Partnered With CredAbility 1. “How Do I Save My Home” Initial: 4/9, 5/5 & 6/11 2. Foreclosure Scams-”Not My House” Initially: 5/ 19 & 6/TBD 3. Local Businesses Facing Layoffs March 30 th : Nioxin Legal Support Pro-Bono Legal Task Force Save-A-Home Task Force

Get People Into Vacant Homes & Stabilization Of Neighborhoods Sell-A-Home Task Force Objective How Provide Realtors With the Tools Needed To Sell Foreclosures Create A Sales Environment Conducive To Value Seeking Buyers

Task Force Make-Up Realtors – Identify homes Remodelers – Inspect and Estimate minimum requirements 203-k – Develop guidelines and pre-qualify buyers Tools Realtors – Knowledge & Training on Remodeling Options & Financing Remodelers – Established Minimum Standards and Pricing Estimates 203-k – Develop Mortgage Guidelines and Buyer Pre-Qualification Marketing “Foreclosures On Parade” Began 5/7, (Every Other Weekend Event) NSP Home As Welcome Center with Featured Homes Buyer Education: 1) Owner Occupied, 2) PBP-D/NSP & 3) Investor Information On Foreclosure Homes Available Sell-A-Home Task Force

Douglas County Chamber of Commerce Industrial Development Program Douglas County Development Authority City of Douglasville Development Authority First Presbyterian Church Program West Georgia Technical College Employment Task Force

Financial Support For Initiative Affordable Financing Motivation For Banks To Loan Money Low Interest Rates Rehab Assistance Program What Do We Need?

Piece by Piece – Douglas CONTACT INFO: Chris Collier, ☺ DOUGLAS COUNTY ☺ A Peaceful Place To Live, Work & Play!