Stop foreclosure News: Nearly 268 homes have received foreclosure filings in Ohio,We buy house for cash Blogs

Thursday, November 26, 2009

Nearly 268 homes have received foreclosure filings in Ohio

Foreclosure filings in Butler County, Ohio have increased in October. In October, nearly 268 homeowners have received foreclosure filings, resulting in 8 percent increase from the same period last year. But industry experts have hope that distressed properties would be saved from foreclosure auction because banks are negotiating with troubled homeowners for loan modification. However, they pointed out that the system is overburdened with homeowners seeking loan modification that more defaulted mortgages still go into foreclosures. This means that distressed properties are still at risk of foreclosures as housing counselors wait for the banks response to loan modification requests. Industry experts are questioning whether homes that were taken from foreclosure auction block are saved from foreclosure or at risk after 6 months. They suggested that homeowners should get assistance from HUD certified housing counselors if they don’t want to face foreclosure problem in future.

Labels: Nearly 268 homes have received foreclosure filings in Ohio

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