Until December 2017 the federal government has funds available for foreclosure home owners to help with payoff of both back payments but also of the remaining mortgage up to $35,000.00

1. Topic on Ohio’s Foreclosure
Intervention
Political Science 3310
Professor Daniel Sabolsky
Report by: Beth Schoren

2. OUTLINE
1. Carefully follow all the instructions you are given and always get the requested documents to the person
in charge of helping you right away, without delay.
A. You will be required to have very many documents on the property,
insurance, utilities, other expenses and your family income.
B. You will be required to attend a counseling session at an assigned
location, which may or may not be close to you.
C. Upon waiting a period of time you will have to back up your documents as
the next level of personnel read over paperwork. They may need updated
information as well as check to see if income has fluctuated.
D. At anytime you can scan documents and email them the faster the
process of getting things done. Do so only after talking to your Counselor.
2. Don’t feel bad reaching out for help by learning where the help is coming from.
A. Learn about where the money originated from.
B. Learn why the money has been set aside to help with mortgages.
C. Understand that help is limited in time and the money available for each
family to benefit from is also limited.
D. Understand that what is happening is a law that was enacted for persons
in housing trouble, so don’t hesitate to ask for help and don’t be afraid.
3. Realize this process takes time and patience and that those involved are understanding of the time it does
take to accomplish the whole process.

3. 530 W. River Road
Elyria, OH 44035
Lorain UYEP-WORKS
559 Reid Avenue
Lorain, Ohio 44052
Tina Allen: 440-864-6896
Michelle Moore: 440-396-5215
Eric Pardon: 440-522-8618
Tula Ramos: 440-506-3193
Housing Services
Assisting First-time
homebuyers and helping
families to avoid
Foreclosure and stay
together in the comfort of
their homes.
Phone:
888.404.4674
Email:
SavetheDream@
ohiohome.org

4. Homeowner Hotline: (800) 294-3896
Monday – Friday: 6am to 8pm (Pacific)
Government Mortgage Relief Programs Qualifications, Instructions and Resources
You can gather all the information you need to provide at this site as well as download
the application documents.
Govtrack.us shows the original bill that was then amended
H.R. 1424 (110th): Emergency Economic Stabilization Act of 2008
National Mortgage Settlement had to work off
$17 billion in loan reductions.
• Ally/GMAC
• Bank of America
• Citi
• JPMorgan Chase
• Wells Fargo
http://www.whitehouse.gov/
at there blog they have a great
deal of information of the
Hardest Hit Fund