It was announced this week that Grand Rapids is getting $500,000 to use toward foreclosure prevention. The money will be divvied up between the United Way and local agencies that deal with foreclosures.

This is both good and bad news. I think it is great that Grand Rapids is receiving something to help with the growing problem of foreclosures. There are many different reasons why a home can go into foreclosure, and most of them are sad, dealing with job losses and health issues.

Homeowners are not going to be the only ones to benefit from this. Some non-profit organizations will be receiving a portion of the money to rehab some of the abandoned homes around Grand Rapids.

What I do have a problem with is how easily Country Wide is getting off for the damage they have helped create within our community. Country Wide has made billions of dollars over the last 5 years selling very risky loans, and all they got is a slap on the wrist. I guess I am someone that would like to see companies in our great county being held more accountable for their actions; however, this doesn’t seem to be the case.

Thanks Mike Cox for trying, but I believe we could have done better. That’s just my opinion and you’re welcome to tell me yours by leaving a comment.

Check out some of the recent stories about the help Grand Rapids will be receiving.

Grand Rapids Housing Advocates

Attorney General Mike Cox

Wood TV