Please click on the images to see the documents relating to our work in Housing.
Facing Hawaii’s Foreclosure Crisis report
FACE’s community study shows that throughout the month of November, mainland banks drove 97.5% of all the foreclosure notices on the islands. These notices do not give the whole picture of the foreclosure crisis, but it allows us a better understanding of which lenders are driving the foreclosures that our families are facing. Families facing foreclosure rely on people that they do not know, people that they can never talk to in person, and people who do not have a vested interest in the community here.
In the study, FACE makes 5 recommendations. Of those 5, the biggest recommendation is that families at risk of foreclosure on their primary residence who are turned down for a loan modification, deserve to see the reason for the denial in writing, and if they feel the denial is incorrect, that they can request that their lender provide them with someone face to face for a binding mediation. Maryland, Nevada, and Florida all provide their people this right. Our people in Hawaii also deserve this right.