Real Estate Advisor Law Blog

Real Estate Advisor Law Blog

Tag Archives: Foreclosures

Ohio Foreclosures Decline 4% in 2010

Posted in Uncategorized
After 15 years of annual increases, the overall number of residential and commercial foreclosures in Ohio actually decreased by 4% in 2010 compared to 2009, according to a report by the Supreme Court of Ohio. Of course, not every county was so fortunate with   30 out of 88 counties experiencing an increase in foreclosures. Cuyahoga County, home… Continue Reading

Foreclosure Rescue Scams Proliferating

Posted in Finance Issues, Litigation Issues
Where there’s trouble, there’s trouble. As a growing number of homeowners have defaulted or neared default on their mortgages, numerous schemes have cropped up taking advantage of their willingness to do whatever it takes to save their homes.    The Court in State v. Cicerchi, 2009 Ohio 2249 (Ohio Ct. App. 2009) took the time to… Continue Reading

Protecting Tenants at Foreclosure

Posted in Bankruptcy/Creditor's Rights Issues, Finance Issues, Legislative Update
The rights of owners and tenants in post-foreclosure property have been dramatically altered by new legislation signed by President Obama. On May 20, 2009, President Obama signed the “Helping Families Save Their Home Act,” which contained provisions to aid renters whose landlords go through foreclosure. Title VII of the Helping Families Act (the “Act”) is entitled “Protecting… Continue Reading

Ohio Foreclosures – Legislative Update

Posted in Finance Issues, Legislative Update
Two foreclosure related bills of great interest to both borrowers and lenders were introduced in the Ohio House of Representatives in February but are moving slowly, if at all, through the legislative process.  One of the bills is too bold to have a serious shot at getting signed by Governor Strickland, but the other is… Continue Reading