NeighborWorks America Reports Industry Fears That Tight Credit May Hamper Efforts to Stabilize Communities Post-Foreclosure

Washington, D.C. – September 23, 2010 – (RealEstateRama) — Nonprofit community development corporations working to stabilize communities in the wake of the national foreclosure crisis share a deepening apprehension that tight mortgage credit standards will hamper their ability to sell newly rehabilitated, formerly foreclosed properties, according to a snapshot survey conducted at a recent meeting during the NeighborWorks Training Institute in Philadelphia.