The first resource for Ohioans is the Foreclosure Prevention Hotline through the Ohio Housing Finance Agency (OHFA) at 1-888-404-4674 and online at www.savethedream.ohio.gov The agency is ready to provide helpful support near you. Their site has a resource page to assist homeowners avoid foreclosure. The people who answer the phone can refer you to a […]
Money
What is Up (or Down) with Gas Prices?
The last time gas prices were this low, the United States and most other developed countries were in the midst of the global financial crisis in 2008, one of the worst economic crises of the last century (BEA). Several economic forces acting in concert reduced demand for gasoline. The national unemployment rate was steadily marching […]
March Madness: Looking at Ohio’s Foreclosures
A simple scan of court cases today compared to those of three years ago will let you see that the number of foreclosure cases has diminished across the state of Ohio. In fact, in 2014, the annual sum of completed foreclosures declined 15% from 2013…but still remains at twice the level of normal activity from […]
What is the Timeline for Foreclosure?
This is second blog on foreclosure. After learning what foreclosure is about last week, What is Foreclosure?, we discuss the sequence of events in the foreclosure process along a timeline. Those facing foreclosure understand how serious a matter it is. To ensure the homeowner is given due process, a timeline identifies the length of time […]
Are Child Savings Accounts the Magic Bullet?
Have you heard that having a savings account in your child’s name will increase their chances of attending college, graduating from college, having fewer student loans, and even improving reading and math scores? According to Terri Friedline’s research (The Independent Effects of Savings Accounts in Children’s Names on their Savings Outcomes in Young Adulthood(PDF)Links to a […]
What is foreclosure?
What is foreclosure? Foreclosure is a process that many of us have heard and read about, especially with the bursting of the “housing bubble” and the economic downturn of 2008. Foreclosures remain an issue today in housing in America. This is the first blog in a four-part series that will come to you across 2015. […]