Posts Tagged ‘ESOP’

Foreclosure Prevention Resource Fair

Tuesday, March 6th, 2012

Thur., March 15, 2012

5:00 – 8:00 pm

Cleveland City Hall Rotunda

601 Lakeside Avenue, Cleveland, OH 44114

FREE counseling and mortgage help.

Get advice from HUD-approved housing counselors.

Help available to owner-occupant homeowners will include:

Restoring Stability Program

Federally funded mortgage assistance administered by Ohio’s Housing Finance Agency.

Up to $25k benefits for qualified borrowers
Full mortgage payment for up to 15 months

Servicer Administered Mortgage Assistance Programs

Federally created modification program (HAMP) and servicer in-house programs

Cover variety of options for struggling homeowners—including both home retention and liquidation options
Temporary reduced payment plans for those without steady and permanent income
Short sale and deed in lieu programs for those who requiring a graceful exit

Latest available information of landmark $25 billion servicer abuse settlement.

For select homeowners the settlement is intended to provide:

Modifications with principal reduction
Refinances for underwater borrowers
Cash payments to those whose homes were lost to foreclosure between January, 2008 and December, 2011

Special Guest:

Councilwoman Yvonne Conwell, Cuyahoga County Council – District 7


For more information call 216-361-0718 or



Presented by: ESOP, The City of Cleveland, and Ward 9 Councilman Kevin Conwell