Save the Dream Ohio Restarts

Save the Dream Ohio Restarts

Save the Dream Ohio is a federally funded program that keeps families experiencing job loss from falling into foreclosure. The program started taking applications again in September for homeowners receiving unemployment benefits since January 1, 2014. The lawyers at Doucet & Associates Co., L.P.A. helps homeowners fight foreclosure by securing loan modifications and by finding mortgage errors, which can include Save the Dream foundation applications.

Save the Dream Ohio started in 2010 and helped over 20,000 families pay mortgage liabilities with forgivable loans. The program assists families by making mortgage payments for up to 18 months depending on the severity of the financial situation.  The program may also pay missed mortgage payments, property taxes and fees, and reduce the principal balance on a mortgage. Before the program halted two years ago an estimated 98% of families helped continued living in their home.

The Ohio Housing Finance Agency (OHFA) manages the Save the Dream Ohio foundation by working with nonprofit housing counseling agencies. Families with an annual household income under $112,375 who owe less than $432,000 on a mortgage may qualify for help. Homeowners do not have to pay a fee to receive assistance.

The OHFA must receive approval from a homeowner’s mortgage company or lender to provide financial assistance. Homeowners can apply for assistance at www.SavetheDream.ohio.gov or by calling (888)-404-4674.

If you are not accepted into Save the Dream and facing foreclosure, the lawyers at Doucet & Associates Co., L.P.A. maybe able to help you apply for a loan modification or defend the lawsuit.

 

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