Monday, August 10, 2009
A grassroots organization in Rock County, Wisconsin, has come up with a novel way to fight foreclosures in the area. The organization, called the John Doe Movement, is asking every Rock County homeowner to donate $10 a month to help tackle skyrocketing foreclosure rates and stabilize home values. The “Rescue America Project,” recently featured in the Janesville Gazette, aims to generate $10 million by the end of 2010. The money would be collected by the Beloit-based Stateline Community Foundation and directed to Neighborhood Housing Services in Beloit, Inc., a NeighborWorks America member organization, to help homeowners facing foreclosure modify the terms of their mortgage.
at 2:27 PM