The Real Deal Miami

Foreclosure help center busy in West Palm Beach

June 09, 2008 12:01PM

Since opening two months ago, the Foreclosure Assistance Center in West Palm Beach has helped save 101 homes from foreclosure and received almost 3,000 phone calls from homeowners seeking assistance. It has a budget of $1.4 million through combination of federal and city money, and puts people in mortgage trouble in touch with counselors and lenders who can do everything from renegotiate loans to help with short sales. An estimated 448,000 loans nationally fell into foreclosure in the first quarter of the year, according to a recent report by the Mortgage Bankers Association. That’s the highest rate since 1979.