By Manuel C. Coppola | Nogales International
Attorney General Tom Horne met with local real estate professionals on Thursday to get their feedback on how best to approach mortgage problems experienced by homeowners in Santa Cruz County who face unaffordable mortgages, have fallen behind with their payments or have become the victims of fraud.
Among the results of the session was a momentum for scheduling a “Housing Recovery Event” to be held in late April. The event will be funded by the nearly $26 billion National Mortgage Settlement (NMS) paid by the nation’s five largest banks to every state except Oklahoma beginning in Feb. 2012.
“This is an outreach to our community and others, including Pima and Yuma, because Southern Arizona has been deemed among the hardest-hit by the housing crisis and is much slower to recuperate than other areas in the state,” said Yvette Palmer, president of the Santa Cruz County Board of Realtors.
