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Richmond Fed has foreclosure resources

The Federal Reserve Bank of Richmond has opened a new online Foreclosure Resource Center aimed at helping homeowners faced with losing their homes.

The new site includes maps of foreclosure “hot spots,” economic research from the Fed and a directory of local services for foreclosure assistance.

The Richmond Fed serves several states throughout the mid-Atlantic, and there are links for services in Virginia, DC, Maryland, North and South Carolina and West Virginia. Here in the commonwealth, for example, there is the Virginia Foreclosure Prevention Task Force, started by Gov. Tim Kaine.

Each of the other 11 regional federal reserve banks has opened a similar center, as the Fed seeks to tackle the issue on a nationwide basis.

Posted by Paul Fletcher

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