Philadelphia Foreclosure Diversion Court Program: Report Initial Findings
On June 14, 2011, the Philadelphia Residential Mortgage Diversion Program commemorated its 3rd anniversary and Ira Goldstein presented, for the first time, findings from TRF’s evaluation of the program. The program was instituted three years ago by the Philadelphia Court of Common Pleas in an effort to stop Sheriff Sales and put in place a mandatory case management system in the Court.
Philadelphia’s primary goals for the Diversion Program were to keep homeowners facing foreclosure in their homes, preserve and protect neighborhoods from the ravages of foreclosed properties, intervene early in the processing of foreclosure cases, and increase the effectiveness and efficiency of case management support for homeowners.
With support from the Open Society Institute and the William Penn Foundation, TRF assessed outcomes and impacts through March 2011, reviewing the 16,000 cases handled by the Court. The preliminary findings suggest that the Diversion Program has had a positive impact on the likelihood that a homeowner in foreclosure would keep their home.
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View Media Highlights:
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The Huffington Post
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The Philadelphia Inquirer
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Metro
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Milestone for mortgage foreclosure project | |
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WHYY
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The Philadelphia Inquirer Editorial |
Inquirer Editorial: Saving homes | |