Hope4Hardship Founder Michael Russell recently appeared on RadioEntrepreneurs.com. The segment was hosted by RadioEntrepreneurs.com’s Jonathan Freedman.
In a 15-minute interview, Michael shared why he founded Hope4Hardship and the true irony of foreclosure. Here are a few bytes from the interview:
“95% of homeowners who fall behind on their mortgage want to retain their property. And all banks want the homeowner to stay in the property. They don’t want to foreclose. So, we go to work on a relatively systematic approach of helping these folks and creating assistance applications for various programs that are available out there and through the bank themselves.”
“There are 100 notices of intent to foreclose recorded in land court every week in Massachusetts in the last year.”
“I don’t ask any money from anybody ever to help them do this. And that is in large part just from my own experience in my life.”
“The thing that foreclosure affected most in my life was the collateral damage that ripped through my family as a result of that chaos. It took me all of 10 years to resolve those issues within my family and to turn my own life around.”