Providing individualized, one-on-one counseling, Urban Edge staff members analyze the household’s budget and reviews options to prevent foreclosure. Some of those options include forbearance, loan modifications, short sales and buy-backs by Boston Community Capital. Since 2006, Urban Edge has counseled more than 1,300 at-risk homeowners to prevent foreclosure. In 2014, 89 homeowners have received counseling and 76 families have successfully avoided foreclosure. In 2015, 150 homeowners will receive counseling and 100 families will successfully avoid foreclosure, with the remainder still in counseling pending loan modifications.
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