New anti-foreclosure program starts in Ohio

A new statewide foreclosure prevention program will kick off locally Tuesday with a phone-a-thon to help area homeowners seeking mortgage help.

From 6 a.m. to 8 p.m. Tuesday, homeowners across Southwest Ohio who are working to avoid foreclosure can call 877-728-9987 to schedule a time to meet with a certified homeownership counselor.

The U.S. Department of Treasury has awarded $570 million to the state to help homeowners with in a variety of ways, including payment assistance, reinstatement assistance for delinquent mortgage loans and the facilitation of short sales.

The funding is being made available to homeowners on a first-come-first-served basis, officials said.

The local phone-a-thon is being hosted by City of Cincinnati, the Homeownership Center of Greater Cincinnati, CET, Fannie Mae, and the State of Ohio Restoring Stability Program.

Ohio also has a Web site at www.savethedreamohio.gov where residents can get applications and get more information on the program.

via Cincinnati Enquirer