GreenPath and State Representative Meisner Explore Solutions to State Foreclosure Rate Challenges
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GreenPath and State Representative Meisner Explore Solutions to State Foreclosure Rate Challenges

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FARMINGTON HILLS, Mich., Dec. 10 /PRNewswire-USNewswire/ — Leadership and staff at GreenPath Debt Solutions’ corporate headquarters in Farmington Hills, Michigan, welcomed Representative Andy Meisner (D-Ferndale) today for a meeting, tour, and information session on the state of consumer finances in Michigan. Meisner, chair of the Michigan House Commerce Committee, visited specifically to explore and discuss GreenPath’s position as a key resource for helping state residents avoid foreclosure and ensuring a brighter financial future.

“Michigan’s home foreclosure rate is among the highest in the nation, while foreclosures in Oakland County are up 60 percent from last year,” said Meisner. “We must do everything we can to help our residents avoid losing their homes, and help communities from losing ground with the decreases in property values resulting from the foreclosure crisis. GreenPath is a critical partner in facing this challenge.”

Meisner’s work in the House this year includes helping to resolve the state's unprecedented budget crisis and jumpstarting Michigan's economy by creating a culture of entrepreneurship through his Michigan Spirit of Entrepreneurship Initiative. Meisner also introduced a part of the Michigan Home Loan Protection Act, a legislative package that cracks down on predatory mortgage-lending practices and strengthens consumer protections.

“We are honored to be working with House Commerce Committee Chairman Meisner on this critical issue,” said Jane McNamara, GreenPath president and CEO. “With Michigan’s foreclosure rate rising so dramatically, many clients come to us already facing evictions and sheriff sales of their homes. In many cases, though, early calls to our counselors could have helped them avoid the situation.”

GreenPath provides services in money management with emphasis on debt repayment programs, financial counseling and education. Services to individuals are delivered in person, over the phone, and/or over the Internet and include:

— Confidential interviews by a qualified counselor, trained to analyze personal financial situations

— Practical solutions to help resolve immediate financial crises and long-term debt

— A debt management program accepted by both consumers and creditors as an alternative to bankruptcy

— Budget counseling

— HUD-approved Housing counseling including pre-purchase, reverse mortgage and delinquency counseling

— Federally approved bankruptcy counseling and education, as required by the new bankruptcy code

Meisner spent some of his visit meeting with executive management and hearing an overview presentation on the nonprofit organization and its services. He later toured several service areas where staff provide GreenPath clients with free, immediate credit and bankruptcy counseling and education, and with debt management programs, when needed.

Individuals seeking help with money management issues can reach a GreenPath counselor at 1-800-9MY-PATH, or 1-800-969-7284.

GreenPath Debt Solutions, a nationwide nonprofit consumer credit counseling service, has been helping people resolve financial problems and achieve financial goals through credit counseling, debt management and education since 1961. Headquartered in Farmington Hills, Mich., GreenPath operates 37 full-time branch offices in Michigan, New York, Wisconsin, Illinois, Indiana and Arizona and delivers licensed services throughout most of the United States over the Internet and telephone. More company information is available at http://www.greenpath.com.

SOURCE GreenPath Debt Solutions

© 2007 PR Newswire. All Rights Reserved.

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