Avoiding FORECLOSURE
During the recent economic crisis, Ohio ranked near the top of national listings for foreclosure filings. Our region, in particular, suffered greatly during this period, and rates in surrounding counties dwarfed those in other areas of the state.

While the economy has begun its long road to recovery, for too many residents of Portage County and Ohio, foreclosure remains a very real fear. The resources in Foreclosure Basics from Portage County government offices are aimed at helping residents to avoid foreclosure and, where that process has begun, to know their rights and the process.

Read more in Foreclosure Basics.


Additional online resources are available to help you to prevent foreclosure. They include:


http://www.savethedream.ohio.gov/
If you are an Ohio homeowner in foreclosure, delinquent in mortgage payments, or in fear you may miss a mortgage payment, click here for a list of available resources.


https://ohiohome.org/homebuyer/foreclosureprevention.pdf
Facing foreclosure is stressful and confusing, but there is help. The Ohio Housing Finance Agency (OHFA) is committed to helping you through the process and connecting you with valuable resources available across the state. Professional guidance from housing counseling to legal assistance is available free of charge, even if you are not yet behind with your mortgage payments.

http://www.communitylegalaid.org/
Community Legal Aid is a non-profit law firm serving the legal needs of low-income individuals and families, and seniors with an issue in central northeast Ohio. It provides legal services concerning many home ownership issues,including repossession, bankruptcy, fair lending practices, and home repair problems, to name a few.


http://www.995hope.org/
The Homeownership Preservation Foundation (HPF) envisions a nation where everyone has a place to call home and the ability to achieve their financial dreams. HPF is an independent national nonprofit dedicated to guiding consumers onto the path of sustainable homeownership and improving their overall financial health. Through its Homeowner’s HOPE™ Hotline, 888-995-HOPE™, HPF provides comprehensive financial education and confidential foreclosure prevention counseling for FREE, 24 hours a day, 7 days a week, 365 days a year.

http://www.makinghomeaffordable.gov/pages/default.aspx
More than a million homeowners have been helped by Making Home Affordable programs. Homeowners in MHA modifications (HAMP) are typically saving more than $500 each month. Click on the link above if you’re having a tough time making your monthly mortgage payments.


http://prudentialprofessionalsrealty.com/blog/2013/05/23/harp-2-0-can-help-underwater-homeowners/

HARP 2.0 Can Help Underwater Homeowners

For homeowners who are underwater on their conventional mortgage, the government has enacted a new Home Affordable Refinance Program to help eligible participants pay down the principal without having to pay mortgage insurance.