EL CAJON LAUNCHES PROGRAM TO PREVENT HOME FORECLOSURES

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June 1, 2009 (El Cajon) If you're a homeowner in need of help to avoid foreclosure, take heart! Starting today, the City of El Cajon is offering help through a new Homeownership Foreclosure Program (HFP). The HFP Program provides a toolbox of alternatives for low and moderate-income homeowners of properties within the incorporated City of El Cajon who are in jeopardy of losing their homes.

The goal of the HFP is to minimize foreclosures and preserve ownership, promote personal investment in our community, prevent continuing reductions in property values due to foreclosure activity, preserve and increase affordable housing opportunities, decrease the need for severely strained public and social services, eliminate blighting conditions or conditions that will lead to blight throughout the City, and to stabilize and improve community neighborhoods.

In order to preserve homeownership in El Cajon, the City is now partnering with Community HousingWorks to provide essential foreclosure prevention services so that committed property owners can stay in their homes and remain a vital part of the El Cajon community.

For more information please contact Gabe Del Rio, Vice President of Lending & Home Ownership with Community HousingWorks, at (619) 282-6647. For information on the foreclosure prevention program department at Community HousingWorks call (619) 450-8705.


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