Mayors-Foreclosures USA (wgvu) - DETROIT (AP) - Detroit will host a meeting of mayors from across
the country next week to address rising foreclosures nationwide.
Next Tuesday's gathering is organized by the U.S. Conference of
Mayors. It includes discussions about the state of the mortgage
industry, ways homeowners can avoid foreclosure and strategies to
keep foreclosed properties from dragging down the quality of life
in neighborhoods.
Detroit Mayor Kwame Kilpatrick says the goal is to create policy
recommendations to present at a Conference of Mayors' meeting in
January.
The meeting is closed to the press, but the mayors plan to
release a report on the economic ripple effect of foreclosures on
U.S. metropolitan areas.
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