Foreclosure Scam Prevention Day Helps Those In Need

Wednesday, June 9, 2010

Throughout this week, more than 100 organizations all over the country are commemorating National Foreclosure Scam Prevention Week by launching educational campaigns designed to help homeowners protect themselves from becoming a victim of foreclosure scams.

Chattanooga Neighborhood Enterprise (CNE), in partnership with NeighborWorks America and the city of Chattanooga kicked off this national initiative locally on Tuesday with “Foreclosure Scam Prevention Day.” On this day, CNE officials along with more than 25 community volunteers canvassed neighborhoods hardest hit by foreclosure to share tips on ways to detect foreclosure scams. CNE aimed to reach 500 homes during the one-day educational outreach campaign.

“Each day, an average of six Chattanooga homeowners face foreclosure,” said David Johnson, CNE president and CEO. “As the number of homeowners at risk of foreclosures increases, so does the number of foreclosure prevention scams. The CNE foreclosure education outreach campaign is based upon our belief that knowledge is the best defense, which is why we are taking information to homeowners that will equip them with the tools they need to minimize their risk and prevent them from being scammed.”

Nearly 400 Chattanoogans have become victims of foreclosure scams since the beginning of 2010. To ensure that the number of scams decline, CNE will continue its educational outreach beyond “Foreclosure Scam Prevention Day.” Officials will educate the public about the warning signs and the credible resources available in the coming months through advertising, local radio PSAs, and social media activity.

If you or someone you know is in danger of losing your home, contact the Chattanooga Foreclosure Prevention Hotline, a free confidential counseling service provided by CNE, at 423-664-HOME (4663).


Walmart Neighborhood Market In Brainerd Sells For $9.2 Million

Shopping Center In Ooltewah Sells For Over $8 Million

Chattanooga's Million Dollar Homes


The Walmart Neighborhood Market at 1775 N. Moore Road has sold for $9.2 million. The two buildings, constructed in 2016, comprise 41,868 square feet and sit on 6.29 acres. AEC EAT LLC ... (click for more)

The storefront retail/office property at 5024 Hunter Road has sold for $8,150,000. The shopping center was built in 2019 and sits on 2.19 acres. It has 17,600 square feet of leasable space ... (click for more)

Chattanooga's Million Dollar homes, reflected in recent transactions, include: 1010 East Brow Road 5 bedrooms, 4.5 baths, 5,662 square feet on 1.11 acre lot The sale was to Matthew Moore, ... (click for more)



Real Estate

Walmart Neighborhood Market In Brainerd Sells For $9.2 Million

The Walmart Neighborhood Market at 1775 N. Moore Road has sold for $9.2 million. The two buildings, constructed in 2016, comprise 41,868 square feet and sit on 6.29 acres. AEC EAT LLC purchased the property from Mini-Ent Chattanooga LLC. (click for more)

Shopping Center In Ooltewah Sells For Over $8 Million

The storefront retail/office property at 5024 Hunter Road has sold for $8,150,000. The shopping center was built in 2019 and sits on 2.19 acres. It has 17,600 square feet of leasable space in eight units. The property was bought by Gary R. Borrmann Tr., Carl F. Borrmann Tr., Borrmann 1983 Living Trust, Dorothy R Borrmann Tr. and Dorothy R. Borrmann 1990 Trust from Sai ... (click for more)

Breaking News

City Council Gives Final Approval For Stadium Deal; Council Adds Provisions For "Transparency" On $80 Million Project

The City Council on Tuesday unanimously approved the $80 million Southside Stadium project. The action puts in motion the ability for a new city/county Sports Authority to convene and issue $80 million in bonds for the "community" facility on nine acres at the U.S. Pipe/Wheland Foundry site. Councilman Chip Henderson added several provisions that he said would add "transparency" ... (click for more)

CHA Planning 1,783 Housing Units At Re-Envisioned Westside

Officials of the Chattanooga Housing Authority said the plan to re-envision the Westside includes building 1,783 new housing units. Betsy McCright, CHA executive director, said the College Hill Courts and the Gateway Tower will be taken down, but she said residents in those 629 have been promised a spot in some of the new housing. She said the demolition will be in stages ... (click for more)

Opinion

Rest In Peace, Larry Wallace

Athens and Tennessee lost a great friend and a long-time public servant when Larry Wallace passed away Saturday afternoon. The 1962 McMinn County High School graduate started his lifetime law enforcement career with the Athens Police Department in 1964. He joined the Tennessee Highway Patrol in 1967 and was appointed as a special agent with the Tennessee Bureau of ... (click for more)

Election Day Observations - And Response

Congratulations to all the winners in Thursday's election. And also thanks to all who ran, it takes a lot of courage to enter the arena of politics. I didn't vote for Weston in the primary but I certainly did in the general election. I think he will do a wonderful job. Sabrena, I voted for you but I would imagine your career is over after one of the dumbest political stunts I ... (click for more)