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Showing posts with label OHIO. Show all posts
Showing posts with label OHIO. Show all posts
Saturday, November 22, 2014
Tuesday, September 30, 2014
Saturday, July 26, 2014
Saturday, June 28, 2014
Monday, June 16, 2014
INFORMATIONAL MEETING ON MAPLE HEIGHTS FISCAL WATCH STATUS
INFORMATIONAL MEETING
JOIN AUDITOR OF STATE DAVE YOST AND STATE REPRESENTATIVE JOHN BARNES TO DISCUSS THE CITY OF MAPLE HEIGHTS FISCAL WATCH STATUS
THURSDAY, JUNE 19, 2014
TIME: 7-9PM
WHERE: SAINT ANDREW'S EASTERN ORTHODOX CHURCH, 16029 MAPLE PARK DRIVE, MAPLE HTS, OH 44137
JOIN AUDITOR OF STATE DAVE YOST AND STATE REPRESENTATIVE JOHN BARNES TO DISCUSS THE CITY OF MAPLE HEIGHTS FISCAL WATCH STATUS
THURSDAY, JUNE 19, 2014
TIME: 7-9PM
WHERE: SAINT ANDREW'S EASTERN ORTHODOX CHURCH, 16029 MAPLE PARK DRIVE, MAPLE HTS, OH 44137
Friday, May 9, 2014
OHIO SUPREME COURT CREATES NEW INTERACTIVE ONLINE GLOSSARY OF LEGAL TERMS
May 06, 2014
Ohio Supreme Court Creates New Interactive Online Glossary of Legal Terms
Like many professions, the practice of law requires knowing a lot of legal lingo. To help lay people understand what lawyers, judges and legal opinions are say, the Ohio Supreme Court has created an interactive online glossary of 160 legal terms like res judicata, summary judgment and sua sponte. The new glossary comes with a list of words and pop-up definitions that appear when readers of Court News Ohio (CNO) hover over words. For fun, CNO has also introduced “Legal Word of the Week," which you can follow on CNO's Facebook or Twitter pages.
Friday, July 26, 2013
Thursday, May 2, 2013
ESOP: DESPITE SLIGHT DECLINE OHIO FORECLOSURES STILL HIGH
For Immediate Release
May 2, 2013
Contact:
Deonna Kirkpatrick
(216) 361-0718
dkirkpatrick@esop-cleveland.
Despite Slight Decline Ohio Foreclosures Still High
CLEVELAND, OH – Today the Ohio Supreme Court released foreclosure numbers for 2012 and even though there has been a slight decrease in the overall number of foreclosures there is still a serious foreclosure crisis in Ohio.
The number of Ohio foreclosure case filings decreased in 2012 by 1.5 percent. That’s about 1,000 fewer cases than in 2011. But there were still 70,469 new residential, commercial, and tax foreclosure case filings in 2012.
“There is still a lot of work to be done to help Ohio homeowners,” said Roslyn Quarto, ESOP’s Executive Director. “We are not surprised by the foreclosure numbers released today. It matches up with what we’re seeing at our offices all over the state.”
ESOP foreclosure prevention advocates are swamped every week with people who need help. Many of the people we’re seeing have suffered a loss of income. Companies making layoffs or cutting back workers’ hours are still putting a crunch on family budgets.
Today’s numbers underscore the need for continued funding of foreclosure prevention counseling and relief programs that help keep families in their homes and stabilize communities. “Now is not the time to slash funding for housing counseling," said Quarto. "As legislators prepare the budget for next year it is critical that they recognize the important work of housing counselors as an investment in financially stable families and communities and an essential part of fueling the housing recovery.”
The number of Ohio foreclosure case filings decreased in 2012 by 1.5 percent. That’s about 1,000 fewer cases than in 2011. But there were still 70,469 new residential, commercial, and tax foreclosure case filings in 2012.
“There is still a lot of work to be done to help Ohio homeowners,” said Roslyn Quarto, ESOP’s Executive Director. “We are not surprised by the foreclosure numbers released today. It matches up with what we’re seeing at our offices all over the state.”
ESOP foreclosure prevention advocates are swamped every week with people who need help. Many of the people we’re seeing have suffered a loss of income. Companies making layoffs or cutting back workers’ hours are still putting a crunch on family budgets.
Today’s numbers underscore the need for continued funding of foreclosure prevention counseling and relief programs that help keep families in their homes and stabilize communities. “Now is not the time to slash funding for housing counseling," said Quarto. "As legislators prepare the budget for next year it is critical that they recognize the important work of housing counselors as an investment in financially stable families and communities and an essential part of fueling the housing recovery.”
Link:
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ESOP is a HUD-approved foreclosure prevention counseling agency. We have nine offices across Ohio to help urban, suburban and rural homeowners. ESOP has been on the frontlines of the predatory lending and foreclosure epidemic since 1999, combining community organizing, foreclosure prevention and advocacy.
ESOP is a HUD-approved foreclosure prevention counseling agency. We have nine offices across Ohio to help urban, suburban and rural homeowners. ESOP has been on the frontlines of the predatory lending and foreclosure epidemic since 1999, combining community organizing, foreclosure prevention and advocacy.
Monday, March 18, 2013
PROMPT NOTIFICATION OF SHORT SALE ACT
MARCH NEWSLETTER
| Speeding up Home Sales | |||
One sure way to reduce the deficit is to strengthen the economy—so more Americans have good-paying jobs and can support themselves and their families rather than relying upon the safety net to make ends meet. We have grown our way out of past recessions through a strong manufacturing sector and a robust housing market. But when empty homes are scattered from Cleveland Heights to Kennedy Heights, we know that the housing market still has a long way to go before it recovers.
Although many prospective home buyers have made legitimate, good-faith offers to purchase a new home, they often encounter banks that ignore or slow walk those offers when sellers owe more on their mortgages than the selling price of these homes. And right now, this is the case for nearly 25 percent of Ohio homeowners. To help sell these homes and keep our economy moving forward, a short sale often makes sense. Short sales are real estate transactions that must be approved by the bank because the seller owes more on their mortgage than the proposed sale price. Both parties agree to the short sale process because it allows them to avoid a foreclosure – which typically takes longer to complete, involves hefty fees for the bank, and leaves a negative mark on the homeowner’s credit report. 
For too many buyers and sellers, the time that it takes to complete a short sale is anything but short. Too often in a short sale, once a buyer makes a written offer and has paid her earnest money deposit, there is a break in communication between the loan servicer and the buyer of the short sale property. The breakdown deprives buyers of knowing whether their offer has been accepted, rejected, or countered – which prevents them from making offers on other homes.
This lapse in communication – especially when big banks are involved – makes it harder for families to move to Ohio. Kathy Hlad discovered this when she put her house, located in Lake County’s Concord Township, on the market in August 2010. Although a buyer submitted an offer on her house, her bank did not respond for eight months. When she finally heard back, the buyer was out of the country for an extended period of time and could not be reached to approve the counter offer. Because more than 30 days elapsed, the deal fell apart and the buyer walked away. Simply put, homes aren’t being sold – even when there is a demand. Potential buyers – fed up with the waiting game that lasts for months on end – simply walk away. And sellers who may need to move for a new job – either don’t move or take a huge financial hit. More efficient short sales could make a difference for our economy. If we’re going to recover from the housing crisis, we need to make it easier for qualified candidates to purchase homes. 
That’s why I have introduced bipartisan legislation, the Prompt Notification of Short Sale Act, to improve the process for buyers considering a short sale.
First, the legislation would achieve creating greater accountability for the loan servicer and improved communication between the buyer and loan servicer by requiring a written response of an acceptance, rejection, counter offer, or extension within 30 days of the homeowner’s request. Last year, I met with a group of Ohio community bankers who said they could make a decision on a short sale in less than an hour. What a million-dollar community bank in Ohio can do in thirty minutes we're asking multi-billion dollar banks to do in 30 days. And it would help to bolster our housing market and our economy by providing homebuyers with certainty and assurance by giving them a final date at which they can close the transaction, or move on. This common-sense legislation would help prospective home buyers – and distressed homeowners alike – while helping to rebuild our neighborhoods and fostering long-term economic growth. This is about stabilizing home values – shoring up our economic future, and standardizing processes that make sense for Ohio families. It’s about ending a waiting game and stopping the delay that represents a dangerous drag on the housing market and our nation’s fiscal health. We cannot afford to wait any longer. Now is the time to stabilize the housing market and stabilize our economy. Sincerely,  Sherrod Brown U.S. Senator |
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