Foreclosure assistance center opens

Reporter: Alex Zequiera

People across the nation are facing foreclosure. In fact, Florida has one of the highest foreclosure rates in the nation.

Now, there's an innovative place where people can seek help. The foreclosure assistance center, sponsored by the city of West Palm Beach, is a first of its kind. It all comes thanks to the collaboration of city officials, national banks and national operations.

People who come to the center will be able to take advantage of several options. For example, homeowners may be able to negotiate new mortgage payment options, receive help in finding jobs, and participate in a credit recovery plan to help them repair damaged credit.

Even if you don't own a home, if you come and use this center, you can find a home to purchase through the city's affordable housing program. But, to use any of these benefits or benefit from the programs offered at this center, you have to agree to register with the city's housing, counseling and education program.

The new center will be opened up at around 10:00 a.m. Monday on Fern Street in downtown West Palm Beach.

Showing city officials are taking a proactive approach to help people avoid foreclosure and get them back on their feet.