Loan Mods Part 3
From national efforts to efforts promulgated by the states, here is what Ohio is trying to do. I wouldn’t be surprised if something like this measure crosses the Ohio River to here in Kentucky.
From Cincinnati.com:
Two Ohio lawmakers are gearing up for round two of their push for a six-month freeze on home foreclosures, taking their case to the Senate for the first time since the Ohio House passed the bill in May.
“State Reps. Denise Driehaus, D-Price Hill, and Mike Foley, D-Cleveland, will testify Tuesday on the Ohio Foreclosure Prevention Act, also known as House Bill 3.
Since the Democratic-led House passed the bill, the crisis has not gone away. Driehaus said. “It’s frustrating because the problem is getting worse and we haven’t done anything about it,” she said. “The House has but the Senate hasn’t. ”
She’ll go before the Senate Finance Committee armed with statistics she has collected and plenty of anecdotes detailing how bad the problem remains in her district.
. . . .
The number of mortgage foreclosures in Hamilton County remains steady; the Hamilton County Clerk of Courts reporting 5,698 in 2009, compared to the previous year’s 5,750.
Ohio remains at number 13 in the list of state’s with highest foreclosures, according to RealtyTrac. Nevada tops the list.
There were just over 224,500 new foreclosures nationwide from June through November, the foreclosure listing firm reported. Of those, 6,381 were in Ohio, with Hamilton County being third highest in the state behind Cuyahoga and Franklin counties.”
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