USA Cares Helping Veterans Avoid Foreclosure Crisis

Feb. 7, 2011 - PRLog -- [Radcliff, KY] [February 7, 2011] – USA Cares, the leading non-profit organization dedicated to assisting post 9-11 military veterans and their families with unmet needs has been diligently working to assist at-risk veterans from losing their homes and falling victim to the current foreclosure crisis.  In a recent article in USA Today, the organizations ongoing effort to assist and counsel veterans was reported.  

“The facts are alarming and disturbing” stated USA Cares Executive Director Bill Nelson.  “More than 20,000 veterans, active-duty troops and reservists who took out special government-backed mortgages lost their homes last year.  Our team at USA Cares is working family by family to help reverse this trend”.

The USA Today report stated in part:

“The rate of foreclosure filings in 2010 among 163 zip codes located near military bases rose 32% over 2008, according to RealtyTrac, a foreclosure research firm. This compares with a 2010 increase in foreclosures filings nationally of 23% over 2008.

The housing crisis has hit military families particularly hard in part because of transfers and the loss of civilian jobs left behind by reservists”.

A link to the full article may be found here:
http://www.usatoday.com/news/military/2011-02-04-1Avetfor...

USA Cares provides grants, counseling and other assistance to help veterans and their families with a variety of needs.  By filling gaps in military and veterans support infrastructure, USA Cares has gained expert insight and information about the sacrifices made by the men, women and families of those who have served in the armed forces.  They know the unmet needs and can provide the necessary assistance to help keep these struggling families in their homes.

"Our demand, in terms of (military) families coming to us for assistance, went up 19% in 2010 over the previous year” Bill Nelson continued.  “We will continue our efforts to help restore financial stability and self-sufficiency to those suffering financial distress and work to keep them in their homes”.

USA Cares recently partnered with the National Association of REALTORS® and HouseLogic for Operation Home Relief.  The project was formed in recognition of USA Cares’ success in saving over 1,000 military families from eviction in the past seven years.  

USA Cares is continuing to assist military, veterans and their families who find themselves facing foreclosure with grants and other assistance including opening the doors to other options.

USA Cares is a nonprofit 501(c)3 organization that helps post 9/11 military families bear the burdens of service with financial and advocacy support. Its mission: To help with basic needs during financial crisis, to assist combat injured Veterans and their families and to prevent private military home foreclosures and evictions. In seven years, USA Cares has received nearly 27,000 requests and responded with more than $7.6 million in grants. Military families anywhere in America can apply for assistance through the USA Cares web site, http://www.usacares.org/ or by calling 1-800-773-0387.