Like so many other states in our great nation, Ohio has been hit hard with foreclosures. While Ohio is no longer in the top 10 list of states with the highest foreclosure rates, it misses that distinction narrowly, coming in at #11. One out of every 8 homeowners in Ohio is behind on their mortgage payments or on their way to foreclosure. That's higher than the national average of 10%. I think I can speak for many realtors when I say that this saddens us. It is difficult to walk through a home that was clearly loved by the family that once owned it and to know they were forced out, often because of circumstances beyond their control.
For more information on Ohio foreclosures folllow this link.
http://news.cincinnati.com/article/20081205/BIZ01/312050046
B U T T H E R E I S H E L P!
Today when I received my property tax bill, there was, along with the bill a brochure titled "SAVE OUR HOMES. Foreclosure Prevention Resources for Ohioans". I was happy to see this proactive measure to help those facing such a crisis.
These are some of the questions answered in the brochure:
What workout options could be available?
- Special Forebearance
- Mortgage modification
- Partial Claim
- Pre foreclosure sale
- deed in lieu of foreclosure
WHO CAN HELP ME NEGOTIATE WITH MY LENDER?
SHOULD I CONSIDER REFINANCING?
WHAT SHOULD I DO IF I GET A FORECLOSURE NOTICE?
HOW LONG DOES A FORECLOSURE TAKE?
WHERE DO I GO TO FIND HELP?
- Call 211 for local information and referral services or call Save The Dream at 888-404-4674
- CAll ESOP, a non profit organization that facilitates workouts with lenders; 216-361-0718 or www.esop-cleveland.org.
- Go online to : http:// www.dontborrowtroublecc.org
- www.savethedream.ohio.gov
- www.hud.gov
WHEN DO I ACTUALLY HAVE TO LEAVE THE HOUSE?
WHERE CAN I FILE A COMPLAINT IF I BELIEVE I HAVE BEEN A VICTIM OF PREDATORY LENDING?
THERE IS HELP. YOU MAY BE ABLE TO SAVE YOUR HOME.
Please contact me if you think I may be of assistance.
If you would like to buy or sell a home in the southern communities of Cleveland Ohio, please call me at 440-263-7496, or you may want to visit my website for more specific information on the communities I service: Brecksville Ohio Real Estate, Broadview Heights Ohio Real Estate, North Royalton Ohio Real Estate Independence Ohio Real Estate, Seven Hills Ohio Real Estate, Parma Ohio Real Estate, Parma Heights Ohio Real Estate and Middleburg Heights Ohio Real Estate. Information is obtained from Neohrex (Northeast Ohio Real Estate Exchange) and is deemed reliable but not guaranteed and should be independently verified. Properties subject to prior sale, rental, or other status changes. All properties that are advertised as being listed or sold by Barb Szabo are in conjuntion with ReMax Trinity.
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