Nearly 1 in 4 Ohio mortgages are underwater, according to numbers from real estate data company Zillow Inc. US Senator Sherrod Brown says that’s why he’s introducing legislation to speed up what’s known as short sales.
A new monitor's report released this week shows that more than 7,000 Ohioans have gotten more than $280 million from the national mortgage settlement a year ago.
The report released this week by the Office of Mortgage Settlement Oversight summarizes data provided by the five mortgage servicers involved in the settlement: Ally, Bank of America, Citi, JPMorganChase, and Wells Fargo.
Settlement benefits included loan modifications, forgiveness and deficiency waivers.
Ellen Belcher, who's filling in for Emily McCord, interviews Attorney General Mike DeWine about the $75 million he's awarding to counties in Ohio to tear down the tens of thousands of homes that have been foreclosed on and abandoned.
Montgomery County is eligible for $4 million; Greene County could get $700,000 and Clark County could take in $1 million.