News of Foreclosures, Foreclosure Properties Information and How to Find Distressed Properties for Sale
The number of first-time home buyers and investors buying foreclosure homes in Ohio is expected to step up after foreclosure filings soared in industrial and small towns across the state, based on data from the research organization Policy Matters Ohio.
In an effort to help contain the number of foreclosure properties in Ohio, Attorney General Richard Cordray filed lawsuits against three foreclosure prevention services: Foreclosure Home Assistance LLC, 21st Century Legal Services and Financial Emergency Inc.
Mansfield, Ohio is eligible to receive about $1.7 million federal funds under the Neighborhood Stabilization Program (NSP). In line with the plan, Fair Housing Director Don Mitchell has requested the city to authorize him to purchase repossession homes from the Department of Housing and Urban Development (HUD) or Federal National Mortgage Association.
