Thursday, May 23 2013 7:41 AM EDT2013-05-23 11:41:54 GMT
A two-family home in Norwood has been evacuated due to a large sinkhole in the basement. Police say a 25-foot hole has opened in the building in the 1900 block of Maple Avenue. Two people living on theFull Story >
A two-family home in Norwood has been evacuated due to a large sinkhole in the basement.Full Story >
Thursday, May 23 2013 7:30 AM EDT2013-05-23 11:30:45 GMT
Construction is nearly completion at U Square @ the Loop. The 4.2 acre strip of land along McMillan Avenue has seen an impressive transformation since its groundbreaking in January 2012. U Square @ theFull Story >
Construction is nearly completion at U Square @ the Loop.Full Story >
Thursday, May 23 2013 7:26 AM EDT2013-05-23 11:26:07 GMT
A Lower Price Hill man is arrested on rape charges. Police say Shyon Clark, 28, engaged in sexual conduct with a 10-year-old girl. He is expected to appear in court on Thursday. Copyright 2013 WXIX.Full Story >
A Lower Price Hill man is arrested on rape charges.Full Story >
Thursday, May 23 2013 7:23 AM EDT2013-05-23 11:23:52 GMT
A Park Hills man is arrested on child abuse charges in Hamilton County. Police say Stephen Wyler, 26, seriously injured a child in October of last year. He is charged with felonious assault and two countsFull Story >
A Park Hills man is arrested on child abuse charges in Hamilton County.Full Story >
The $3 million Foreclosure Prevention Program is working with United Way's First Call for Help hotline. People who dial 2-1-1 can seek advice with their credit, mortgage, possible refinancing, a payment default situation or foreclosure with staff from one of nine nonprofit organizations. The program is also conducting financial education outreach programs and a marketing campaign focused on a 'Don't Borrow Trouble' theme.
ESOP works with homeowners and their lenders to obtain affordable resolutions that preserve homeownership. ESOP uses a Hot Spot Card process, through which homeowners complete documentation and provide financial information relevant to their case, and have the opportunity to make suggestions to the lender for a resolution.
The Housing Advocates, Inc., (HAI) has a 31 -year history of fighting for fair and affordable housing. Its mission is the promotion of equal housing opportunities, tenant rights, and affordable housing.
To secure justice and resolve fundamental problems for those who are low income and vulnerable by providing high quality legal services and working for systemic solutions
Foreclosure Rescue Scams: Another Potential Stress for Homeowners in Distress
The possibility of losing your home to foreclosure can be terrifying. The reality that scam artists are preying on the vulnerability of desperate homeowners is equally frightening. Many so-called foreclosure rescue companies or foreclosure assistance firms claim they can help you save your home. Some are brazen enough to offer a money-back guarantee. Unfortunately, once most of these foreclosure fraudsters take your money, they leave you much the worse for wear.
Fraudulent foreclosure "rescue" professionals use half truths and outright lies to sell services that promise relief and then fail to deliver. Their goal is to make a quick profit through fees or mortgage payments they collect from you, but do not pass on to the lender. Sometimes, they assume ownership of your property by deceiving you, the homeowner. Then, when it's too late to save your home, they take the property or siphon off the equity. You've lost your home to foreclosure despite your best intentions.
If you think you may be facing foreclosure, the Federal Trade Commission (FTC), the nation's consumer protection agency, wants you to know how to recognize a foreclosure rescue scam. And even if the foreclosure process has already begun, the FTC and its law enforcement partners want you to know that legitimate options are available to help you save your home.
How the Scams Work
Foreclosure rescue firms use a variety of tactics to find homeowners in distress: Some sift through public foreclosure notices in newspapers and on the Internet or through public files at local government offices, and then send personalized letters to homeowners. Others take a broader approach through ads on the Internet, on television, or in the newspaper, posters on telephone poles, median strips and at bus stops, or flyers or business cards at your front door. The scam artists use simple and straight-forward messages, like:
"Stop Foreclosure Now!"
"We guarantee to stop your foreclosure."
"Keep Your Home. We know your home is scheduled to be sold. No Problem!"
"We have special relationships within many banks that can speed up case approvals."
"We Can Save Your Home. Guaranteed. Free Consultation"
"We stop foreclosures everyday. Our team of professionals can stop yours this week!"
Once they have your attention, they use a variety of tactics to get your money:
Phony Counseling or Phantom Help
The scam artist tells you that he can negotiate a deal with your lender to save your house if you pay a fee first. You may be told not to contact your lender, lawyer, or credit counselor, and to let the scam artist handle all the details. Once you pay the fee, the scam artist takes off with your money.
Sometimes, the scam artist insists that you make all mortgage payments directly to him while he negotiates with the lender. In this instance, the scammer may collect a few months of payments before disappearing.
You think you're signing documents for a new loan to make your existing mortgage current. This is a trick: you've signed documents that surrender the title of your house to the scam artist in exchange for a "rescue" loan.
You're told to surrender the title as part of a deal that allows you to remain in your home as a renter, and to buy it back during the next few years. You may be told that surrendering the title will permit a borrower with a better credit rating to secure new financing – and prevent the loss of the home. But the terms of these deals usually are so burdensome that buying back your home becomes impossible. You lose the home, and the scam artist walks off with all or most of your home's equity. Worse yet, when the new borrower defaults on the loan, you're evicted.
In a variation, the scam artist raises the rent over time to the point that the former homeowner can't afford it. After missing several rent payments, the renter – the former homeowner – is evicted, leaving the "rescuer" free to sell the house.
In a similar equity-skimming situation, the scam artist offers to find a buyer for your home, but only if you sign over the deed and move out. The scam artist promises to pay you a portion of the profit when the home sells. Once you transfer the deed, the scam artist simply rents out the home and pockets the proceeds while your lender proceeds with the foreclosure. In the end, you lose your home – and you're still responsible for the unpaid mortgage. That's because transferring the deed does nothing to transfer your mortgage obligation.
Fraudulent foreclosure "rescue" professionals use half truths and outright lies to sell services that promise relief and then fail to deliver.
The scam artist may promise to negotiate with your lender or to get refinancing on your behalf if you pay a fee up front. Instead of contacting your lender or refinancing your loan, though, the scam artist pockets the fee and files a bankruptcy case in your name – sometimes without your knowledge.
A bankruptcy filing often stops a home foreclosure, but only temporarily. What's more, the bankruptcy process is complicated, expensive, and unforgiving. For example, if you fail to attend the first meeting with the creditors, the bankruptcy judge will dismiss the case and the foreclosure proceedings will continue.
If this happens, you could lose the money you paid to the scam artist as well as your home. Worse yet, a bankruptcy stays on your credit report for 10 years, and can make it difficult to obtain credit, buy a home, get life insurance, or sometimes get a job.
Where to Find Legitimate Help
If you're having trouble paying your mortgage or you have gotten a foreclosure notice, contact your lender immediately. You may be able to negotiate a new repayment schedule. Remember that lenders generally don't want to foreclose; it costs them money.
Other foreclosure prevention options, including reinstatement and forbearance, are explained in Mortgage Payments Sending You Reeling? Here's What to Do, a publication from the FTC.
You also may contact a credit counselor through the Homeownership Preservation Foundation (HPF), a nonprofit organization that operates the national 24/7 toll-free hotline (1.888.995.HOPE) with free, bilingual, personalized assistance to help at-risk homeowners avoid foreclosure. HPF is a member of the HOPE NOW Alliance of mortgage servicers, mortgage market participants and counselors. More information about HOPE NOW is CLICK HERE.
If you're looking for foreclosure prevention help, avoid any business that:
guarantees to stop the foreclosure process – no matter what your circumstances
instructs you not to contact your lender, lawyer, or credit or housing counselor
collects a fee before providing you with any services
accepts payment only by cashier's check or wire transfer
encourages you to lease your home so you can buy it back over time
tells you to make your mortgage payments directly to it, rather than your lender
tells you to transfer your property deed or title to it
offers to buy your house for cash at a fixed price that is not set by the housing market at the time of sale
offers to fill out paperwork for you
pressures you to sign paperwork you haven't had a chance to read thoroughly or that you don't understand.
If you're having trouble paying your mortgage or you have gotten a foreclosure notice, contact your lender immediately.
If you think you've been a victim of foreclosure fraud, contact:
Federal Trade Commission
Your state Attorney General
Your local Better Business Bureau
For More Information
To learn more about mortgages and other credit-related issues, CLICK HERE.
Tuesday, May 21 2013 10:31 PM EDT2013-05-22 02:31:55 GMT
The claim that the ongoing IRS scandal is limited to low level employees is falling apart. The six Cincinnati workers we have identified, who sent scrutinizing letters to conservative groups with wordsFull Story >
The claim that the ongoing IRS scandal is limited to low level employees is falling apart. Full Story >
Monday, May 20 2013 5:09 PM EDT2013-05-20 21:09:30 GMT
A Warren County government office is evacuated after a suspicious powder is found. The Health and Human Services Center building on East Street in Lebanon was evacuated just after 11:00 on Monday. PoliceFull Story >
Police say that HAZMAT crews and the FBI were called to investigate the powder. The FBI has since left. Full Story >
An Oregon girl abducted as a baby and missing for 18 years finally emerged in Dallas this week when her mother turned herself in to authorities, according to the Polk County Sheriff's Department. Full Story >
An Oregon girl abducted as a baby and missing for 18 years finally emerged in Dallas this week when her mother turned herself in to authorities, according to the Polk County Sheriff's Department.Full Story >
Tuesday, May 21 2013 7:20 PM EDT2013-05-21 23:20:28 GMT
The Cincinnati Tea Party announced that it will protest the IRS on Tuesday over the targeting of liberty groups regarding their tax status. The protest will begin at Fountain Square at noon on TuesdayFull Story >
The Cincinnati Tea Party protested the IRS on Tuesday over the targeting of liberty groups regarding their tax status. Full Story >
Monday, May 20 2013 9:21 AM EDT2013-05-20 13:21:47 GMT
WILMINGTON, NC (WECT) - An Army wife who lost over 100 pounds while her husband was away in Afghanistan surprised the soldier Wednesday when he arrived at Wilmington International Airport. Misty Shaffer,Full Story >
A soldier from Wilmington returns from Afghanistan to a big surprise: a new wife, a new house and a different child.Full Story >
Wednesday, May 22 2013 4:39 PM EDT2013-05-22 20:39:05 GMT
Brandon Phillips bounced a bizarre double over first base to snap a ninth-inning tie, and the Cincinnati Reds completed a three-game sweep of the struggling New York Mets with a 7-4 victory Wednesday. JoeyFull Story >
Brandon Phillips bounced a bizarre double over first base to snap a ninth-inning tie, and the Cincinnati Reds completed a three-game sweep of the struggling New York Mets with a 7-4 victory Wednesday.Full Story >
Monday, May 6 2013 1:29 PM EDT2013-05-06 17:29:07 GMT
A man charged with public indecency is expected to appear in court. Police say 36-year-old Jason Fletcher and Laura Oditt engaged in sexual conduct in a public place. The location is not named in courtFull Story >
A man charged with public indecency is expected to appear in court.Full Story >
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