Social and Behavioral Sciences Commons^™

Foreclosure Mitigation Counseling: An Analysis Of The Households Participating In The National Foreclosure Mitigation Counseling Program In Louisville, Travis Weber

MPA/MPP/MPFM Capstone Projects

Problem Statement

Since 2006 the number of housing foreclosures has increased significantly. This increase is taking a toll on many communities across the nation, including Louisville, Kentucky. The percentage of delinquent mortgage loans in the Commonwealth of Kentucky has risen sharply, jumping nearly 3.5% since 2006, while the percentage of delinquent loans entering foreclosure has risen just as sharply according to the Kentucky Office of the Courts. The number of foreclosed properties proceeding to Master Commissioner sale has more than tripled between 2002 and 2008, to over 3000 foreclosures scheduled to take place. The number of foreclosures is negatively impacting …