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.

Hospice of the Western Reserve

Area Agency on Aging 10B, Inc.


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

Fancy dinners from humble beginnings at The Blue Door
Grandma of Chris Miller moved to Florida in a retirement community but I sure miss the Falls and the Blue Door, and the fine service and the true friendship of ...

The Black Keys guitar tech's moment in the spotlight
Nice job, Vivian. It's always nice to hear about the unsung heroes getting their due! Thank you, Chuck Johnston (Full disclosure - I'm a friend of the Carney fa...

Akron's Tuba Christmas: A resounding blast of holiday spirit
Nice piece, Vivian! Looking forward to hearing you move from flute to tuba on Saturday. Love hearing your interviews and this seemed extra special since I kno...

Cleveland Hugo Boss workers are fighting for their jobs again
Bro. Ginard; I support your effert to keep your jobs, I understand all about concesions, I was a Union offical from 1965 until 1991 and the company th...

Asian Carp control could benefit from bill passed by House, heading to the Senate
help me fight the battle against invasive carp by method of harvest

Ohio's Portman supports lifting limits on party political money
If Portman was legitimately concerned about outside groups influence on elections he would have supported the DISCLOSE act. Instead he helped block it being bro...

Study shows trade with China has cost more than 3 million U.S. jobs
I disagree with James Dorn! If we don't change the playing field and make it a fair competition the whole US industry will be weaker and weaker. Eventually all ...

Video of Cleveland police shooting a 12-year-old is critical to the investigation
While I think this is a very unfortunate, the fact is that police are trained to aim for the large mass of a human to stop them. If they aimed for the leg it w...

Wayne County teacher says he was fired for criticizing dairy
This is bull crap Smithville Schools have changed ever since the new school I'm so ashamed at the district I wish I could pick my house up and move it to anothe...

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