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Foreclosure Prevention Task Force

In November, Governor Timothy M. Kaine announced the formation of Virginia’s Foreclosure Prevention Task Force. The intent of the task force is to protect and preserve homeownership for Virginia’s working families and communities in light of the current foreclosure trends.

The task force is chaired by Secretary of Commerce and Trade Patrick Gottschalk and will work to:

1. Collect and analyze data to assess foreclosures in Virginia and determine level of homeownership preservation needs.
2. Identify and review financial and programmatic resources available to homeowners to minimize the number of foreclosures.U
3. Recommend outreach, counseling and educational programs and activities that focus on foreclosure prevention and support to homeowners.
4. Review existing Virginia laws and regulations and recommend appropriate revisions, including legislative actions if needed.

For more information on the Task Force, view the Governor's press release.

Visit the new Virginia Foreclosure Prevention Task Force website.

Read the February 2008 press release about Governor Kaine's proposed legislation to protect homeownership.

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Governor Kaine Announces Mortgage Clinics to be Held in June

May 19, 2008 — Governor Timothy M. Kaine announced the schedule for a series of free regional mortgage clinics to help Virginians avoid home foreclosure. The clinics will be hosted by the Virginia Foreclosure Prevention Task Force, which was formed by Governor Kaine in November 2007 to help protect and preserve homeownership in the Commonwealth. The clinics will be held throughout the Commonwealth in June, coinciding with national Homeownership Month.

• For more information including clinic dates, view the Governor's press release.
• Visit the Task Force's new website