The Chicago Tribune’s Mary Ellen Podmolik has an interesting story about how communities in southwest Chicago uses volunteers to deal with the home foreclosure epidemic. What happened is that upset residents met with Bank of America officials back in July and brokered a deal where volunteers are given the names of community residents with B of A mortgages who are delinquent in their payments. The volunteers, loosely coalesced by the Southwest Organizing Project, then knock on those peoples homes and warn that they may soon face foreclosure.

As I blogged about yesterday, the Obama administration has conceded that its mortgage modification program has failed thus far. What’s important in getting any modification program to work is to let homeowners know the program is not some abstract news story but exists to aid their financial troubles. Ned blogged today about how the Dept. of Agriculture has successfully let people know about the expansion of food stamps. The Treasury Dept. needs to do the same on homeowner assistance.

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