Event tomorrow to help Butler Co Homeowners who face foreclosure - Cincinnati News, FOX19-WXIX TV

Event tomorrow to help Butler Co Homeowners who face foreclosure

BORROWER OUTREACH DAY TO BE HELD IN BUTLER COUNTY ON TUESDAY

 

Event Designed To Help Butler County Residents Concerned About Foreclosure

  

With Butler County hard hit by the foreclosure crisis, the State of Ohio is sponsoring an event to help county residents avoid foreclosure.

Borrower Outreach Day will be held on Tuesday, August 19 from 2 p.m. to 8 p.m. at Butler Tech Public Safety Education Complex, 5140 Princeton Glendale Road, Liberty Township.   The event is being sponsored by the Ohio Department of Commerce in partnership with Ohio Treasurer Richard Cordray and the Ohio Housing Finance Agency. 

The event will begin with comments by Nancy Nix, Butler County Treasurer; Jim Cunningham, U.S. Department of Housing and Urban Development; and Cornelius McGrady and Michele Pearson of Treasurer Cordray's Office.

Note:  To protect the privacy of the individuals attending this event, no cameras or video cameras will be permitted. 

Mortgage loan servicers will be attending the event to meet one-on-one with borrowers who are having difficulty making their mortgage payments.   The servicers are:

Chase

Freddie Mac

Homecomings Financial

National City Mortgage

U.S. Bank Home Mortgage

Washington Mutual

Ocwen and Wilshire Credit Corp. (their borrowers will work with ESOP, a housing counseling agency that has a relationship with these servicers)

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Borrower Outreach Day

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Local, state and federal housing experts and housing counselors will be at the Butler County borrower outreach event to provide additional resources.  Borrower Outreach Day attendees will also have the opportunity to participate in several brief workshops throughout the day.  The workshops are:

  • Keys to Home Preservation
  • Rebuilding Your Credit
  • Steps in the Foreclosure Process
  • Borrower Beware: Foreclosure Rescue Scams
  • The Option of Mediation
  • Federal Legislative Initiatives

Borrower Outreach Day complements the State of Ohio's Save the Dream campaign, which is designed to help Ohioans take action to save the dream of homeownership.  The public awareness campaign includes an information-rich Web site at www.savethedream.ohio.gov and a telephone hotline (888-404-4674).   

The core message of the Save the Dream campaign is for homeowners to:

  • Contact their mortgage loan servicer at the first sign that they may have difficulty in making their mortgage payment.
  • At the same time, work with a HUD-approved housing counselor and/or a legal aid or pro bono attorney.

More than 2,500 Ohioans have attended Borrower Outreach Days throughout the state and the U.S. Department of Housing and Urban Development's Homeownership Preservation Clinic in Cleveland last August.  This month four other Borrower Outreach Days have been or are being held across the state. 

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