need to add title here

Foreclosures spread to suburbs

December 18, 2011 12:58 PM

Former Cuyahoga County Treasurer Jim Rokakis says foreclosures and poverty have now hit parts of Cleveland's more affluent inner suburbs.

There Goes the Neighborhood
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by ranger1922 August 20, 2012 4:01 PM EDT
I would like some help with Bank of America and how they lied to me and forclosed on my house
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by kgoodnight1 January 16, 2012 10:35 AM EST
Key Options LLC has a program that SOLVES this housing problem in any market. We tried to contact Cuyahoga county with no response at all from repeated messages. The program costs the county NOTHING, ZERO! and they wont respond. If anyone has any pull at all in this county get them to call me at 443-677-4418. They need to stop spending millions of dollars of taxpayers money on things that can be resolved at zero cost! LITERALLY
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by Wintonjohn December 25, 2011 9:37 PM EST
I would like to know how I could send some funds to someone in this segment.

John Winton
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by ellenhelpshomeowners December 21, 2011 10:58 PM EST
I was very disappointed that the options of:

a. Short Sale-where the bank accepts less then what is owed and allows the house to be sold which certainly the woman with breast cancer which is a verifiable hardship may have been able to qualify for.

b. Loan Modification-where the lender will often reduce the interest rate substantially and may also extend the term of the loan thereby reducing the monthly rate even further

c. Forebarence; which would allow the homeowner a short stay in payments if they have an emergency situation which will soon be remedied such as an illness, etc.

There are many options available to people during these difficult times and I think it is only fair to highlight them all.

Please feel free to contact me for more information about possible foreclosure alternatives.
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by barrydiaze December 19, 2011 1:08 AM EST
When interest rates drop, homeowners take notice. If rates dip lower than your current rate, refinancing may allow you to lower your monthly payment, potentially reducing the interest expenses you'll pay over the life of the loan. Shop around use sources like 123 Refinance to compare rates
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by PotomacValleyManagement December 18, 2011 8:12 PM EST
CBS should look at how the foreclosure market is affecting condominiums and homeowners associations. With the foreclosures, vacant homes, nonpaying owners (whether vacant or not) the crisis is more devastating in these markets. Most homes in the last 10 years were built in homeowner associations. And homeowner associations maintain services that are normally provided by City and County governments. Associations still have to maintain a level of service to the community with limited funds. In condos they even have to provide service to non paying owners for some items such as snow plowing - you cannot not plow there space for example. When vacant soon to be foreclosed homes are in limbo at the bank, associations mow the lawn to maintain curb appeal so that values are protected. Banks should reduce the mortgage. I do not think they fully understand all that is affected by the real estate market fall. There are associations filing for bankruptcy because they cannot meet their financial obligations. Condos & HOAs are suffering in silence and they are the ones who should be bailed out not big banks. It should be noted that a lot of seniors and first time owners live in condos for the convenience of services. Seniors are struggling to pay fee and are facing foreclosure as well. Please feel free to contact us for more information about this growing crisis.
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