Rhode Island has spent its Hardest Hit money faster than many other states. According to Treasury, states had committed $1.7 billion of the total â¿¿ or about 22 percent â¿¿ through November on behalf of homeowners in the program. In Rhode Island, Godfrey said the average total assistance is about $18,500.Rhode Island Housing also does foreclosure mediation and conciliation for five municipalities â¿¿ Providence, East Providence, Cranston, Warwick and Warren â¿¿ but Godfrey said mediation efforts often come too late. The process doesn't start until the lender has already notified the homeowner it intends to foreclose, and by the time cases are referred to a coordinator, many homeowners have already left.
RI Ramps Up Spending On Foreclosure Prevention
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