Wednesday, May 9, 2007

Baltimore: There's New Help For Those Facing Foreclosure

BALTIMORE, MD - Thousands of Marylanders may face the prospect of losing their homes but are too embarrassed to tell anyone.

Political reporter Pat Warren has more on the risk they're taking and where they can go for help.

It's called the secret shame--a situation so pervasive it's under investigation on Capitol Hill: Homeowners facing foreclosures on subprime loans.

Subprime loans are marketed to people with poor credit histories and limited incomes, who may not otherwise qualify.

By calling 311, the city's non-emergency line, you can be connected to a help hotline. There's a toll-free number to call for help, 888-995-HOPE.

On May 19, there's a call to action for people who are in danger of foreclosure. It's at 1 East Mount Royal Avenue.

(© MMVII, CBS Broadcasting Inc. All Rights Reserved.
video: http://wjz.com/video/?id=27368@wjz.dayport.com)

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