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PNS Daily Newscast - September 29, 2020 


Trump tax revelations point to disparity in nation's tax system; Pelosi and Mnuchin make last-ditch effort at pandemic relief.


2020Talks - September 29, 2020 


Today's the first presidential debate in Cleveland, Ohio. And a British news show reports a Trump campaign effort to suppress the Black vote in 2016.

Caught in "Tidal Wave" of Foreclosures? Get. Help. Now.

July 2, 2007


If you're one of the growing number of Ohioans facing a foreclosure on your home, housing experts say you should look for help now. Ed Kramer of Cleveland is with Housing Advocates. He says many people at risk of foreclosure have a chance to keep their homes through refinancing or other options, but they should immediately talk to a lawyer, non-profit housing counselor, or their city or county housing office.

“They need assistance immediately in finding out what their rights are and what options they have to refinance the home before the case goes into foreclosure.”

Benson Wolman with the Equal Justice Foundation in Columbus works with people on the verge of foreclosure, and he says it's a growing problem in Ohio.

“Part of it emanates from people who got bad advice or were subjected to various scams that get them into loans, when a variety of the loans had adjustable rate mortgages. Sometimes it's outright misrepresentation.”

Wolman suggests people in that situation go to foreclosure seminars offered around the state. And in some cases, they may have legal recourse.

Kramer believes the problem is only going to get worse, as even more consumers are about to see their adjustable loan rate skyrocket.

“Last few years, we've had a tidal wave of foreclosures, but 2007 and 8, I expect a tsunami.”

In many areas, Ohioans can call 2-1-1 for housing help. There's also a toll-free nationwide assistance hotline at 1-888-995-HOPE.

Rob Ferrett/Eric Mack, Public News Service - OH