article · 2010

1 Executive Summary Problem Statement

Travis Weber

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Abstract

Since 2006 the number of housing foreclosures has increased significantly. This increase is taking a toll on many communities across the nation, including Louisville, Kentucky. The percentage of delinquent mortgage loans in the Commonwealth of Kentucky has risen sharply, jumping nearly 3.5 % since 2006, while the percentage of delinquent loans entering foreclosure has risen just as sharply according to the Kentucky Office of the Courts. The number of foreclosed properties proceeding to Master Commissioner sale has more than tripled between 2002 and 2008, to over 3000 foreclosures scheduled to take place. The number of foreclosures is negatively impacting the local, state and federal governments. Kentucky is expected to lose up to $3.4 million between 2007 and 2009 in property tax revenue due to the increases in foreclosures. Many homeowners are searching for a way to relieve their delinquent payments and the Federal Government is making many efforts to assist them. The National Foreclosure Mitigation Counseling program is one of those efforts. Research Strategy The research will utilize the regression model and a multinomial logit model to assess the foreclosure mitigation counseling program from the Housing Partnership, Inc.

Cite this paper

APA 7

Weber, T. (2010). 1 Executive Summary Problem Statement.

MLA 9

Weber, Travis. “1 Executive Summary Problem Statement.” 2010.

Chicago

Weber, Travis. 2010. “1 Executive Summary Problem Statement.”

Harvard

Weber, T. (2010) ‘1 Executive Summary Problem Statement’.

BibTeX

@article{weber2010executive,
  title = {{1 Executive Summary Problem Statement}},
  author = {Weber, Travis},
  year = {2010}
}

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