There are many reasons today affecting Ohio homeowners ability to make keep their mortgage payments current; causing many to possibly lose their homes to foreclosure. It's not just bad lending practices of the past few years, there's also job loss, the death of a spouse or partner, illness and divorce.
It is very important to contact your loan servicer at the first sign you may have trouble making your mortgage payment and explain your situaution and see if you can participate in a workout resolution. If you know that the foreclosure process as started still contact your loan servicer and contact a U.S. Department of Housing and Urban Development approved housing counselor to discuss your options.
Please check Ohio's Save the Dream Website for more detailed information and important contact information. You Just May Be Able To Save Your Home.
www.SaveTheDream.Ohio.gov