Crye-Leike Launches “Save The Dream” Program

Crye-Leike Realty announced Friday that they will launch a new program to help homeowners avoid foreclosure. Crye-Leike’s founders, Harold E. Crye and Dick Leike, sent out a company-wide letter urging all brokers and realtors to contact by phone those in danger of losing their homes.

 

According to the letter, the Mortgage Bankers Association reports that approximately 50% of home owners who do lose their homes to foreclosure have never once contacted their

lender.

 

The letter states, “Specifically, we are asking each of you to find just one family in your local community who may be facing foreclosure and help them reach out to their lender or a housing counseling agency so that they can begin the process of exploring a loan workout solution and hopefully stay in their homes.”

 

Two sources that homeowners can use when faced with foreclosure are the

Guide to Avoiding Foreclosure (U.D. Department of Housing and Urban Development) and The HOPE NOW Alliance and the Homeowner’s HOPE Hotline (1-888-995-HOPE).