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Record #:
42594
Author(s):
Abstract:
Addressing the foreclosure crisis entailed understanding its causes and the effects on individuals who purchased homes through the subprime mortgage program. How this aspect of the Great Recession affected North Carolina was viewed through the author’s discussion of Legal Aid Collaborative, a coalition of legal services. Through programs such as Home Defense Project, this coalition members were able to prevent many foreclosures across the state. Through the efforts of such services, monetary settlements were also reached with banks whose mortgage practices had contributed to the foreclosure crisis nationwide.
Source:
Subject(s):
Great Recession--United States--homeowners; Great Recession of 2008--foreclosure crisis--United States; Great Recession of 2008--foreclosure crisis--North Carolina; Foreclosure crisis--North Carolina--legal aid services ; Foreclosure crisis--North Carolina--Legal Aid Collaborative ; Great Recession of 2008--Foreclosure crisis--NC IOLTA