Thursday, October 21, 2010

Study Shows Public Investment in Prevention Far Outweighs Costs of Foreclosure

A research study conducted by the Public Policy Research Center (PPRC) at the University of Missouri -- St. Louis found that 84 percent of homeowners who received counseling were successful in avoiding foreclosure. The study was commissioned by the Metro St. Louis Foreclosure Intervention Task Force, and the findings show that the costs of providing foreclosure counseling paid off dramatically.

PPRC studied 1,460 homeowners who were counseled by Beyond Housing, a St. Louis NeighborWorks organization. “This study proves what we had suspected all along; that even a modest investment in counseling pays enormous benefits by allowing homeowners to become current and keep their homes,” said Chris Krehmeyer, CEO of Beyond Housing.

View study at