For release: January 27, 2010
For press information, contact Tk Buchanan, 901-486-3479
The Sherwood Forest Neighborhood Association will host a day of housing counseling
and legal aid Saturday, Feb. 6, from 9 a.m. to noon at Prescott Memorial Baptist Church,
961 Getwell Road.
The Memphis Housing Counseling Network will work with homeowners in the 38111 Zip
Code area to help renegotiate the terms of their loans and try to keep them in their
homes. Also, representatives from Memphis Area Legal Services will be on hand to
offer advice to those whose lenders are uncooperative or who face imminent foreclosure,
to field any other legal questions neighbors may have, and to assist them with the
preparation of simple wills and advance directives.
A recent study by the Center for Community Building and Neighborhood Action at the
University of Memphis found disturbing trends in housing in the area. In the 38111
Zip Code area in 2009, 587 households received notification from their lenders of
intent to foreclose. However, foreclosure is only part of the story. Vacancy in Sherwood
Forest is driven as much by probate problems as by foreclosure. As the population
in the neighborhood ages, estate planning becomes more important than ever. The failure
to legally communicate these difficult decisions accounts for a large part of the
vacancy crisis. There are 54 vacant homes in the area.
Sponsors for this event are the U of M Center for Community Building and Neighborhood
Action, the Sherwood Forest Neighborhood Association, Tennessee State Rep. Mike Kernell,
the Memphis Housing Counseling Network, and Memphis Area Legal Services.
More information is available from Andrew Glisson, president of Sherwood Forest Neighborhood
Association, at 901-652-1792 or AGlisson@lpinsurance.com,, or from Tk Buchanan at the Center for Community Building and Neighborhood Action,
at 901-486-3479 or firstname.lastname@example.org