Projo Biz Blog

Homeowners in the city struggling to meet their mortgage payments can start getting help renegotiating their loans on Saturday during a financial workshop sponsored by a Providence nonprofit group.

"It is our goal to help every family stay in their home," said Sen. Juan M. Pichardo, D-Providence, one of three city legislators helping promote the workshop.

Standing in front of an abandoned duplex at 110-112 Mitchell St. on the city's south side, Pichardo and others this morning urged homeowners to seek help before their properties fall to the building's fate. The last owners, he said, apparently walked away from the Mitchell Street house when they fell behind on their mortgage.

Since then, the duplex on a narrow lot near the Locust Grove Cemetery has been attacked repeatedly by vandals. Smashed windows and graffiti scrawls mar the front of the vinyl-clad house.

ACORN, other neighborhood organizations and the city of Providence, is sponsoring a series of and credit-counseling workshops.

Like the earlier event, Saturday's session is free and open to the public and will provide homeowners and renters with information on how to avoid foreclosure and protect their credit.

This weekend's event is in the ACORN office, 807 Broad St., from 10 a.m. to 2 p.m.
For more information, call 401-780-0500. By Paul Grimaldi

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