Welcome to Foreclosure Help Guide
Help Foreclosure Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Home Foreclosure Help Available in Ohio
from:Ohio has led the nation in foreclosures. This fact has prompted many government and privately owned agency to develop home foreclosure help in Ohio. Most of this help is available to homeowners that took out risky “subprime” loans. These loans are called subprime because of the borrower’s credit history; they were unable to qualify for “prime” mortgage rates. The subprime mortgages come with a higher interest rate to cover the risk factor of the lower credit score. It also includes a limited time “teaser” rate that was much lower than the actual interest rate. Many lending institutions did not make it clear to borrowers what the actual mortgage costs were. These borrowers often find themselves looking for home foreclosure help in Ohio once their “teaser” period is over.
One privately operated agency, Ohio Housing Finance Agency (OHFA) recently developed a program to give home foreclosure help in Ohio to those with subprime mortgages. The program is called the Opportunity Loan. The program is a refinancing program that provides fixed 30-year mortgages at competitive rates to borrowers that can no longer pay their current mortgages. In order to qualify for this program, borrowers must complete four hours of HUD (US Department of Housing and Urban Development) approved counseling. All the counseling hours must be completed prior to the close of the loan. If the borrower is far down the road to foreclosure, this program will not be able to help. Although some credit issues on the mortgage in the prior 12 months may be acceptable, it is important to seek help at the first signs of trouble paying the mortgage.
Other federal, local and private agencies can offer home foreclosure help in Ohio. Not all the programs will be available for all borrowers. It is important to research all the options and decide which one would be the best fit. The best place to start is with your lender. Lenders have the most up to date information on programs offering home foreclosure help in Ohio. Another great resource is the HUD web site. There are many tips and suggestions that will help you get your finances in order and help to avoid foreclosure. Links are available to customize the information based on your state and county.
Since the subprime mortgages have become a problem, many agencies are coming up with programs that offer home foreclosure help in Ohio and other states. It is important to research all the programs available. Don’t decide on any one program without first examining all to see which one is a better fit for your financial situation.
Help Foreclosure News
Efforts to evict Woodland family from foreclosed home delayed for now - Daily Democrat
Efforts to evict Woodland family from foreclosed home delayed for now Daily Democrat Members of Occupy Woodland and Occupy Sacramento stand detail outside the Woodland home of Heriberto and Alma Ponce in an effort to help them keep from being foreclosed upon. (Elizabeth Kalfsbeek/Democrat) found employment as a tree cutter for a PG&E ... |
CredAbility Supports HUD Studies on Housing Counseling - MarketWatch (press release)
CredAbility Supports HUD Studies on Housing Counseling MarketWatch (press release) The foreclosure counseling study reveals that with a counselor's help, nearly 70 percent of those counseled obtained a mortgage remedy to retain their home, and 56 percent cured their defaults and became current on their mortgages. GreenPath Debt Solutions Takes Part In Government Housing Counseling Study |
Carolina Real Estate Professionals Helping Local Homeowners Avoid Foreclosure ... - PR Web (press release)
 PR Web (press release) | Carolina Real Estate Professionals Helping Local Homeowners Avoid Foreclosure ... PR Web (press release) By earning their Certified Distressed Property Expert® (CDPE) Designation, local real estate professionals learn how to help homeowners facing financial hardships by understanding their individual circumstances and how to navigate foreclosure ... |
Florida grabs a $33.4 million chunk of foreclosure settlement money for state ... - Bradenton Herald
Florida grabs a $33.4 million chunk of foreclosure settlement money for state ... Bradenton Herald ... million will go to help bolster the state's budget. Florida is one of several states taking a portion of the $2.5 billion in cash payments from big banks and using it for programs not directly related to the foreclosure crisis, ProPublica reports. |
Deo Buddhu Accused Of Mortgage Scam Promising False Federal Aid - Huffington Post
 RealtyBizNews | Deo Buddhu Accused Of Mortgage Scam Promising False Federal Aid Huffington Post At least six homeowners are accusing Deowraj "Deo" Buddhu of Weathersfield, Connecticut of running a mortgage scam that's threatened them with foreclosure, NBC Connecticut reports. Buddhu allegedly promised access to special federal aid to help ... Foreclosure Prevention Program Gets Major Share Of State's Funds From Settlement Conn. officials outline spending of mortgage money Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds |
Widow sues Wells Fargo over wrongful foreclosure that took devastating toll - The Guardian
 The Guardian | Widow sues Wells Fargo over wrongful foreclosure that took devastating toll The Guardian Norman's suicide on May 13 was the worst possible end for the Rousseau's nightmarish experience of America's foreclosure crisis. But it was a long, surreal and twisted journey to get there. It began in May 2009, when Wachovia, now part of Wells Fargo, ... |
Plan for foreclosure mediation money nears approval - Statesman Journal
Plan for foreclosure mediation money nears approval Statesman Journal Oregon Housing and Community Services requested $900000 to help inform homeowners through community workshops, webinars and other tools about foreclosure prevention resources. The board's co-chairpeople recommended giving the agency $450000 for ... |
GreenPath Debt Solutions Takes Part In Government Housing Counseling Study - MarketWatch (press release)
GreenPath Debt Solutions Takes Part In Government Housing Counseling Study MarketWatch (press release) HUD concluded that the findings suggest that pre-purchase counseling helps clients make good decisions regarding homeownership, and might help to make homeownership more sustainable. Foreclosure prevention counselingHUD's foreclosure counseling study ... |