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Foreclosure Help Florida Article
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Ohio Foreclosure Help
from:Ohio is a state that was adversely affected by the recent national rise in foreclosures. In 2006, Ohio led the nation in foreclosures. This prompted government and private agencies to develop more programs offering Ohio foreclosure help. These programs range from refinancing to assistance with selling the home before foreclosure can occur. There are also programs offering Ohio foreclosure help in the form of rebuilding after foreclosure. Many Ohio residents have found themselves facing foreclosure issues due to their subprime mortgages. These mortgages were made mainly to people with less than perfect credit that did not qualify for prime rate mortgages. These subprime mortgages have higher interest rates to offset the risk of their damaged credit. The problems arose because most of these subprime loans came with a limited time “teaser” rate. Once these teaser periods expired, homeowners found their payments increasing tremendously. In some cases, borrowers weren’t aware of the mortgage’s actual costs. They found themselves in a position where they could no longer afford their mortgage payments.
One privately operated agency, the Ohio Housing Finance Agency (OHFA) implemented a refinancing program in 2007 to assist residents who found themselves in need of Ohio foreclosure help. They offer a refinancing program that provided affordable fixed rate mortgages to those stuck in subprime mortgages. The Ohio based agency plans on issuing $100 million in taxable municipal bonds that will pay for financing 1,000 loans with a fixed rate of 6.75%. Although some credit issues against the current mortgage within the previous 12 months are allowed, this program is mainly for those borrowers that are not in default or beginning the foreclosure process. In order to qualify, borrowers need to complete four hours of financial counseling by a HUD (US Department of Housing and Urban Development) approved counselor. This counseling must be completed before the close of the loan.
HUD is the federal agency that is responsible for providing Ohio foreclosure help on the national level. Their web site is a great place to start researching information and programs that are available. They provide tips and suggestions to assist home owners in getting their finances together and avoid foreclosure. There are links that will provide a customized list of options for Ohio foreclosure help. HUD has a comprehensive list of HUD approved counselors available in every area. They are able to provide information concerning what type of program is best suited for every specific situation.
Many counties also have programs available for their residents. While researching Ohio foreclosure help, be sure to access county specific agencies.
Foreclosure Help Florida News
Florida Panther Crossing Deal Inked Hours Before Property Entered Foreclosure - WUSF News
Florida Panther Crossing Deal Inked Hours Before Property Entered Foreclosure WUSF News By Steve Newborn Several government agencies have banded together with groups as diverse as the Nature Conservancy and Wal-Mart to help protect the Florida Panther. A deal has been closed to protect 1278 acres on prime panther habitat along the south ... |
Florida grabs a ($33.4 million) chunk of foreclosure settlement money for ... - Tampabay.com (blog)
 Syracuse.com | Florida grabs a ($33.4 million) chunk of foreclosure settlement money for ... Tampabay.com (blog) 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. A spokeswoman for Attorney General Pam Bondi—who ... Billion dollar bait & switch: States divert foreclosure deal funds |
Help is on the way for troubled, 'hardest hit' homeowners in Florida - ABC Action News
Help is on the way for troubled, 'hardest hit' homeowners in Florida ABC Action News Debbie Bellfy, let go after 13 years on the job, was out of money and headed for foreclosure when she applied for Florida's Hardest Hit program. "They said, 'We will help you,' and I said, 'Oh my.' I was thrilled." But less than 6000 people have ... |
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 ... |
Short-Sale Aid Takes Shape - LoanSafe
Short-Sale Aid Takes Shape LoanSafe They made up just 16 percent of all home sales in Pierce County last year compared with the 26 percent that were sold out of foreclosure. In Thurston, it was 3.4 percent short sale and 7 percent sold out of foreclosure. More short sales could help the ... |