Foreclosures

Statewide News
6:00 am
Mon April 28, 2014

Ohio Foreclosure Prevention Program Ending This Week

A program to help struggling Ohio homeowners prevent foreclosure is coming to an end this week, but there's still time to register for anyone who needs help.

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Statewide News
12:06 pm
Wed February 5, 2014

Groups Vie For $13 Billion JPMorgan Chase Settlement to Demolish Vacant Houses

A group of current and former elected officials in Ohio are hoping the state will get a chunk of last year's 13 billion dollar settlement between JP Morgan Chase and the Justice Department.

The plan asks for $200 million to go to Ohio, most of it to knock down houses that the foreclosure crisis left empty and deteriorating. Other funds would support renovation, preventing future foreclosures and revamping vacant land.

It’s got support from Congresswoman Marcy Kaptur and Ohio’s two senators, Sherrod Brown and Rob Portman.

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The Economy & Business
6:44 am
Wed January 15, 2014

New Mortgage Rules In Effect This Week Get Mixed Reviews

 A complex new set of rules designed to limit risky loans is in place as of this week for mortgage bankers. The regulations were developed in response to the 2008 financial crisis.

That 2010 Dodd-Frank financial reform law was, among other things, supposed to make it harder for banks to issue mortgages fast and loose.

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The Economy & Business
6:00 am
Mon December 16, 2013

How Do You Buy Up A Vacant Property In Dayton? WYSO Curious Investigates

Dave Chesar of Oakwood scoped out this house on Wayne.
Credit Lewis Wallace / WYSO

Recently Dave Chesar of Oakwood heard a story we did about the 6,000 abandoned properties in Dayton.

"At the end of the piece it said that the one thing that needs to happen is people need to start purchasing the properties," Chesar said. So he wondered: how do you actually do that? Who do you call? Is there a list? "Who really is the person, or group that can kind of transform those 6,000 vacant and distressed properties into properties that have a name, price and location?"

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Housing Crisis
6:00 am
Thu November 7, 2013

Is Racial Discrimination Blocking Recovery In Dayton? WYSO’s Lewis Wallace Talks To Jim McCarthy

It’s been five years since the housing bubble burst. Lots of people in the Dayton area lost their homes to foreclosure, and many of those homes are still sitting vacant.

Before the housing bust, McCarthy says his work at the Miami Valley Fair Housing Center often focused on discriminatory lending and rental practices; they were trying to get people of color into homes. But since the housing bust, he says the center has shifted focus towards keeping people in the greater Dayton area in their homes, through fighting foreclosures and seeking refinancing.

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