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Saving homes from foreclosure
The advice is free, the message is hope

Tim Rudell
Gathering of concerned homeowners at an ESOP town meeting in Akron. ESOP Director Mark Siefert, and member Barbara Anderson are in the foreaground
Courtesy of Rudell
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ESOP was in Akron Thursday evening, offering advice to home owners at a town hall meeting in the main library. WKSU’s Tim Rudell has more on what was said, and why.
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Spell this ESOP, ‘E’-‘S’-‘O’-‘P’…for Empowering and Strengthening Ohio’s People. It’s a department of Housing and Urban Development certified counseling agency.  ESOP is known for helping homeowners facing foreclosure; especially for helping them to get loan modifications. And the Akron meeting was to describe available services and answer questions.

Michele Colopy is an ESOP Foreclosure Prevention Counselor for Stark County. “A lot of what we do is telling people: ‘just because you’ve gotten a foreclosure notices does not mean you have to leave.’  So we’re always educating people as to the whole process. And to how we can save their homes.  And we can. There is hope. “

With more than 500,000 “negative equity mortgages” state-wide, Ohio ranks fourth nationally in the number of home owners “underwater” — that’s the term for owing more on a house than it’s worth on the market.     

Related Links & Resources
ESOP website

U.S. Department of Housing and Urban Development foreclosure counseling

Related WKSU Stories

16,000 foreclosure cases for Ohio Legal Aid since 2008
Friday, August 10, 2012

Wells-Fargo settlement could bring Cleveland $6 million
Thursday, July 12, 2012

Ohio inches up list of underwater mortgages
Thursday, July 5, 2012

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