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.
Ellen Belcher, who is filling in for Emily McCord, interviews Jim Rokakis, one of Ohio's top experts on the foreclosure crisis and land banks. In Cuyahoga County and elsewhere across the country, communities are creating land banks to take possession of abandoned properties and to demolish the eyesores. Once a property is cleared, the land bank works to redevelop space that previously was a drag on the neighborhood -- and tax rolls. Montgomery County is in the process of creating its own land bank.