Power Breakfast: New foreclosure program, DeKalb schools, bank rebuked, Coke, tax deal, Madoff, iPhone

Foreclosure prevention has mainly focused on homeowners behind on their mortgages.

But AJC reporter Scott Trubey is reporting on one neighborhood program that takes a different approach — fixing up homes of owners who are up-to-date on their mortgages after some of their neighbors abandoned their homes.

“There hasn’t been any focus to the flip side of [the foreclosure crisis], and that is the people still in their homes, struggling to do the right things,” Brenda Rayburn, executive director of Southern Crescent Habitat for Humanity, told Trubey. “They’ve been struck by this crisis, too.”

Southern Crescent, with $175,000 in grant money from Wells Fargo, plans to help 70 homeowners in a Jonesboro community weatherize their houses, install energy efficient thermostats and make minor repairs to improve the looks of their homes, Trubey reports.

The idea is that making lived-in homes more attractive will boost the neighborhood’s overall marketability, making it easier for distressed homeowners to sell before foreclosure, while also boosting the vacant properties’ appeal, Trubey writes.

Also in the AJC:

In other media:

- Henry Unger, The Biz Beat

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7 comments Add your comment

Diane

December 17th, 2010
8:46 am

women business owners in Atlanta are leveraging their resources to prevent situations like this.

TnGelding

December 17th, 2010
8:48 am

Kudos to Southern Crescent and Wells Fargo.

Who would have thought that the GOP would have voted in such large numbers to reinstate the “death tax” and extend unemployment benefits? Watch America roar!

Death Tax Gone

December 17th, 2010
3:38 pm

Now that multi-millions estates don’t have to pay an estate tax on estates of $5 mil or less, will they use that extra money to create jobs?

HTH

December 18th, 2010
3:39 am

Weatherize, Weatherize. I had a man come in and caulk up every crack I’ve got. No wind whistling threw my place. It’s just so nice these folks are doing this. It’s just their way I suppose of saying. Thank you for the business. I just wish I could have those nice Wells Fargo people as my mortgage lender.

The ones I have is pretty good though. My escrow had a problem once you know. They called me right back and fixed the problem. In one day.

They even send me Christmas cards. The one they sent me this year had big bells on it with a ribbon.

These mortgage companies get such a bad name and all. With everything thats going on. Mama always said though. If you run out of gas. Go to the nearest neighbors house. People are becoming more helpful day after day I think.

Like this column its always filled with helpful advice and information. Thank you for your service. To the citizens of Atlanta and the people of Georgia. We could not do without you!

TnGelding

December 18th, 2010
7:03 am

If you ever wanted to be a real estate tycoon, now is the time.

TnGelding

December 18th, 2010
8:54 pm

Saxbe and Warner leading on getting fiscal house in order:

http://www.youtube.com/watch?v=KtO0PCMFoOU

(I’m not a supporter, but like what he had to say.)

TnGelding

December 18th, 2010
8:54 pm