News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Lehmans

Akron Children's Hospital

Greater Akron Chamber


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Government and Politics


Mortgage assistance continues after Save the Dream Ohio ends
Northeast Ohio agencies can still help homeowners facing foreclosure
by WKSU's KABIR BHATIA


Reporter
Kabir Bhatia
 
Terence Young of Stow is looking for help with the last $2,500 toward his home, after being laid off. He says the counselors are "110 percent sure" he will get assistance under the Save the Dream Ohio program, which ended April 30
Courtesy of K. Bhatia
Download (WKSU Only)
In The Region:
A $570 million program to help struggling Ohio homeowners has come to an end. But as WKSU’s Kabir Bhatia reports, there are still options for people who need mortgage assistance.
Mortgage assistance continues after Save the Dream Ohio ends

Other options:
Windows Media / MP3 Download (2:02)


Last night, about a dozen people were at Mason Elementary in Akron, making an 11th-hour push to get applications in for Save the Dream, the mortgage assistance program that grew from the federal government’s settlement with five mortgage servicers.

But Save the Dream is over after four years. One of the people applying was Terence Young from Stow. The 29-year-old needs help paying off the $2,500 he owes on his house.

“It’s right there by Bob’s Hamburgers. [I] paid $20,500 for it with a 10 percent interest rate. I like being a homeowner: a lot of freedom [but] a lot of responsibilities you have to take care of.”

Young bought the house three years ago, and until recently had a good job as a maintenance worker. His girlfriend was paying part of the mortgage, too. But the couple split up, he lost his job, and now he works in construction.

He has not gotten behind on his payments – yet. Toree Stokes of Mustard Seed Development Center in Akron (330-631-0350) says that’s an important factor in getting mortgage assistance.

“Individuals who are not delinquent at this time – that’s the best time to receive the assistance. This is not something to be embarrassed about. This is something that everyone is going through because of the economy change. So getting this assistance is not saying anything negative; it’s saying something positive because you reached out.”

Stokes says, with Save the Dream over, area housing counseling agencies still have ways to help people who may be marching toward foreclosure.

“Assistance with talking with their lender to try to get it modified. Or to try to get it to the place where they would make a determination to whether the house is still affordable for them. And if it’s not affordable, then coming up with an exit strategy.”

Stokes says the entire process takes about 4 months on average, and much of the lag time can be due to gathering the right paperwork from homeowners. Mustard Seed Development, as well as many other agencies, are still offering help throughout Northeast Ohio.

Here's a list from Attorney General Mike Dewine as well as another of HUD-approved housing counselors. More links are available here.
Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Local Ebola concerns cause officials to pay more attention to West Africa
I have a better idea, let's secure our borders and spend those billions of dollars on our own first.

HUD and Cuyahoga Land Bank extend a housing deal for another year
Need to sale lot, and would like to know how to contact someone to see if they may be interested in the property that sat between two lots. If you can give me...

Akron Beacon Journal details abuse claims against televangelist Angley
In the early 90's I went forth for pray. And the man was anointed by the hand of God. Just a fact I will never forget

Lawmaker questions why a million voters didn't get absentee applications
He's a damn lie! I vote n all elections. I missed 1. Haven't gotten my absentee ballot and their making it hard to get one.

Thirsty Dog Brewery warns it might have to leave Akron
Why is it the city's responsibility to find this guy a location? There are a hundred realestate companies that could help him.

Kent State sends home three after contact with second Ebola-stricken nurse
Why weren't all health workers who were around Duncan quaranteened for 21 days and tested for Ebola? That's a no-brainer. Why was Vinson allowed to travel right...

New book says Willoughby Coal is haunted...and that's good for business
Would love to see a series of books that would just thrill me. I cannot wait to visit some of the locations. And revisit some of the locations I have already vi...

Cleveland Indians to continue with 'dynamic pricing'
pricing is too high for a family as well as people like me who are on a fixed income. Bleacher seats are cheaper but concessions are rediculous.

Kasich talks about faith, drugs and education -- but never FitzGerald
The idea that you can learn more by talking to a 90 year old person than from a history book is just another example of how the GOP hates education and knowledg...

Third-grade charter school students fail state testing
A partisan anti-charter group came out with analysis that ODE says is based on incorrect data. So why is this a story? It doesn't seem to rise to WKSU's typic...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University