Additional Help Available for Unemployed Ohio Residents Who Face Foreclosure

Relief for Ohioans who are unemployed and facing foreclosure has been expanded through new FHA and MHA requirements and timelines. This change has increased flexibility and will help families as well as the neighborhoods in which they live. The qualification period for the FHA Loss Mitigation Program has been extended from four to 12 months. Plus, MHA is now requiring that servicers extend their three-month eligibility period to 12 months. U.S. Senator Sherrod Brown helped expand this program to Ohio through contact with President Obama.

SOURCE: Ohio RealEstateRama

URL: http://ohio.realestaterama.com/2011/07/07/brown-announces-new-relief-for-unemployed-ohioans-facing-foreclosure-ID0378.html