Ohio Home Loan Modification – Modify Your Mortgage in Ohio

Free Loan Modification Consultation

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The banks in Ohio experienced a serious problem with their own mortgage system. The problems are on the increasing number of debtors who default on their loans because of the difficulty encountered because of the economic meltdown. The numbers of foreclosed homes are increasing each day in the law courts and homes are locked for several months before they get foreclosed. More than 30,000 homes are foreclosed or being filed for it in Columbus.

These are great loss for the homeowners as well as the bank itself, because they cannot convert the foreclosed properties to money. Even if the prices are very cheap, foreclosed homes still remained for months on the real estate market because there are no interested buyers. This was an alarming issue for the whole banking and financial institutions and it needs a solution as quickly as possible. Before anything went worst, the government proposed a new law that makes loan modification a possibility. With this law, the terms and conditions of the contract are possible to get necessary revision and the debtor can enter in the re-negotiated with his/her lender. This new law is encouraging the cooperation between the mortgagee and mortgagor and it is deemed as a replacement for the foreclosure process, which did not bring any benefits to both parties involved.

The opportunity of having your contract modified has been used in determining the people to be eligible for mortgages again. Banks support this process and as a proof, they are offering their counseling sessions and brochures for everyone involved in a loan contract. If you are experiencing financial hardships, you can request for a loan modification so that you can avoid the struggles as well as the loan defaults. In your part, you have to prepare for this modification process, because it is the same as you apply for a new mortgage. In your contract, only a few terms and agreement can be modified or, if possible, the whole contract will be discussed and elaborated. The bank will schedule an appointment to you, usually it takes several weeks.

However, during the whole loan modification process, there is no need for you to pay your monthly rates. There is a possibility that the length of your mortgage can be extended, so that you can settle to smaller rates. In addition, expect that reduction of the penalties and fees. It is the bank’s duty to offer you the best and suitable deals through their representatives and they will do this because for them, defaulting is a loss.

The loan modification program, after its implementation, saved lots of people from foreclosure. With this, they State of Ohio have high hopes that the crisis they are experiencing will end soon.

Ohio Mortgage Companies

ALLIED HOME MORTGAGE CAPITAL CORPORATION
155 S MAIN ST
CADIZ, OH 43907
Tel: (740) 942-9895
Fax: (740) 942-9894
Cadiz, OH Mortgage & Property Information

3437 WHIPPLE AVE NW
CANTON, OH 44718
Tel: (330) 491-1702
Fax: (330) 491-1712
Canton, OH Mortgage & Property Information

112 SOUTH ST
CHARDON, OH 44024
Tel: (440) 286-2798
Fax: (440) 286-2799
Chardon, OH Mortgage & Property Information

22021 BROOKPARK RD STE 13
CLEVELAND, OH 44126
Tel: (440) 801-1870
Fax: (440) 801-1875
Cleveland, OH Mortgage & Property Information

3040 RIVERSIDE DRIVE STE 203
COLUMBUS, OH 43221
Tel: (614) 545-0727
Fax: (614) 459-6624
Columbus, OH Mortgage & Property Information

1830 BETHEL RD STE B
COLUMBUS, OH 43220
Tel: (614) 538-1046
Fax: (614) 538-1426
Columbus, OH Mortgage & Property Information

6085 MEMORIAL DRIVE
DUBLIN, OH 43017
Tel: (614) 889-2600
Fax: (614) 889-2705
Dublin, OH Mortgage & Property Information

6035 MEMORIAL DRIVE SUITE B
DUBLIN, OH 43017
Tel: (614) 389-0900
Fax: (614) 389-0888
Dublin, OH Mortgage & Property Information

5380 PLEASANT AVE # A
FAIRFIELD, OH 45014
Tel: (757) 248-5626
Fax: (513) 863-8199
Fairfield, OH Mortgage & Property Information

4730 N RIDGE RD E
GENEVA, OH 44041
Tel: (440) 466-5556
Fax: (440) 466-6757
Geneva, OH Mortgage & Property Information

440 E MAPLE ST STE 6
HARTVILLE, OH 44632
Tel: (330) 877-1801
Fax: (330) 877-2077
Hartville, OH Mortgage & Property Information

2575 W US HIGHWAY 22 AND 3 STE
MAINEVILLE, OH 45039
Tel: (513) 677-2297
Fax: (877) 442-8667
Maineville, OH Mortgage & Property Information

333 E CENTER ST
MARION, OH 43302
Tel: (740) 375-5626
Fax: (740) 375-0866
Marion, OH Mortgage & Property Information

8827 MENTOR AVE STE A
MENTOR, OH 44060
Tel: (440) 974-8350
Fax: (440) 974-8355
Mentor, OH Mortgage & Property Information

7029 PEARL ROAD SUITE 300
MIDDLEBURG, OH 44130
Tel: (440) 884-3898
Middleburg, OH Mortgage & Property Information

9821 OLDE 8 RD STE E
NORTHFIELD, OH 44067
Tel: (330) 468-3700
Fax: (330) 468-3703
Northfield, OH Mortgage & Property Information

5077 WATERFORD DR STE 301
SHEFFIELD VILLAGE, OH 44035
Tel: (866) 295-9339
Fax: (866) 215-8194
Sheffield Village, OH Mortgage & Property Information

6797 NORTH HIGH ST STE 304A
WORTHINGTON, OH 43085
Tel: (614) 842-6044
Fax: (614) 842-6047
Worthington, OH Mortgage & Property Information

937 HIGH ST STE 201
WORTHINGTON, OH 43085
Tel: (614) 880-4200
Fax: (614) 880-4204
Worthington, OH Mortgage & Property Information

Ohio Legal Services

Statewide
Save the Dream

Assistance: Foreclosure and Loan Scams
Location: Statewide
Website: http://www.com.ohio.gov/savethedream/
Phone: (888) 404-4674
Services: The Save the Dream foreclosure effort in Ohio is uniquely structured to include both governmental and private sector partners and is a major resource for information on predatory lending, foreclosure rescue scams prevention, and the foreclosure process. Additionally, Save the Dream coordinates the Ohio State Bar’s efforts to provide legal pro-bono representation to homeowners who are facing foreclosure. The website includes contact information for housing counselors and legal services providers, a link to the state court system’s foreclosure mediation program, and information for the public on the extent of the crisis. Homeowners facing foreclosure can call the hotline (888-404-4674) to see if they meet the income and other eligibility requirements to be connected with a pro bono or legal aid attorney. Qualified homeowners will be connected with a local legal aid program to be matched with an attorney. Basic income eligibility is 250 percent of the federal poverty guidelines, which is about $54,000 annual income for a family of four.

Supreme Court of Ohio

Assistance: Foreclosure Mediation
Location: Statewide
Website: http://www.supremecourt.ohio.gov/jcs/disputeresolution/foreclosure/default.asp
Phone: (614) 387-9000
Services: The Supreme Court of Ohio has developed a judicial foreclosure mediation program.

Central Ohio

Legal Aid Society of Columbus

Assistance: Foreclosure
Location: Columbus and Marion
Website: http://www.columbuslegalaid.org
Phone: Columbus (888) 246-4420 and Marion (740) 383-2162
Services: The organization is HUD-certified to represent clients in foreclosure cases. It serves the following counties: Franklin, Delaware, Madison, Marion, Morrow, and Union.

Ohio State Legal Services Association

Assistance: Foreclosure
Location: Columbus
Website: http://www.oslsa.org
Phone: (800) 589-5888
Services: The Ohio State Legal Services Association provides assistance to individuals in Adams, Athens, Belmont, Carroll, Coshocton, Delaware, Fairfield, Fayette, Franklin, Gallia, Guernsey, Harrison, Hocking, Holmes, Jackson, Jefferson, Knox, Lawrence, Licking, Madison, Marion, Meigs, Monroe, Morgan, Morrow, Muskingum, Noble, Perry, Pickaway, Pike Ross, Scioto, Tuscarawas, Union, Vinton, and Washington Counties.

Central Northeast Ohio
Community Legal Aid Services, Inc.

Assistance: Foreclosure
Location: Akron
Website: http://www.communitylegalaid.org
Phone: (800) 998-9454
Services: It serves the following counties: Columbiana, Mahoning, Medina, Portage, Stark, Summit, Trumbull, and Wayne. Call the hotline Monday through Friday, 9:00 a.m. to 4:00 pm.

Northeast Ohio
Legal Aid Society of Cleveland

Assistance: Foreclosure
Location: Cleveland, Elyria, Jefferson
Website: http://www.lasclev.org
Phone: Cleveland (888) 817-3777; Elyria (800) 444-7348; and Jefferson (866) 873-9665
Services: The Legal Aid Society of Cleveland is a member of the state-wide Save the Dream Initiative. It serves the following counties: Ashtabula, Cuyahoga, Geauga, Lake, and Lorain.

Northwest Ohio
Advocates for Basic Legal Equality

Assistance: Foreclosure
Location: Dayton and Toledo
Website: http://www.ablelaw.org
Phone: Main (888) 534-1432; Lucas County (419) 724-0460
Services: Advocates for Basic Legal Equality serves the following counties: Allen, Ashland, Auglaize, Champaign, Clark, Crawford, Darke, Defiance, Erie, Fulton, Greene, Hancock, Hardin, Henry, Huron, Logan, Lucas, Mercer, Miami, Montgomery, Ottawa, Paulding, Preble, Putnam, Richland, Sandusky, Seneca, Shelby, Van Wert, Williams, Wood, and Wyandot.

Southeast Ohio
Southeastern Ohio Legal Services

Assistance: Foreclosure
Location: Athens, Chillicothe, Lancaster, Marietta, Newark, New Philadelphia, Portsmouth, Steubenville, and Zanesville
Website: http://www.seols.org
Phone: (800) 686-3669
Services: Southeastern Ohio Legal Services (SEOLS) gives legal help without attorney fees to people with low incomes and limited savings and assets.

Southwest Ohio
Legal Aid Society of Greater Cincinnati

Assistance: Foreclosure
Location: Cincinnati
Website: http://www.lascinti.org
Phone: (800) 582-2682
Services: The Legal Aid Society of Greater Cincinnati provides legal services to low-income residents of the following counties: Brown, Butler, Clermont, Clinton, Hamilton, Highland, and Warren.

West Ohio
Advocates for Basic Legal Equality

Assistance: Foreclosure
Location: Dayton and Toledo
Website: http://www.ablelaw.org
Phone: Main (888) 534-1432; Lucas County (419) 724-0460
Services: Advocates for Basic Legal Equality serves the following counties: Allen, Ashland, Auglaize, Champaign, Clark, Crawford, Darke, Defiance, Erie, Fulton, Greene, Hancock, Hardin, Henry, Huron, Logan, Lucas, Mercer, Miami, Montgomery, Ottawa, Paulding, Preble, Putnam, Richland, Sandusky, Seneca, Shelby, Van Wert, Williams, Wood, and Wyandot.

Legal Aid of Western Ohio

Assistance: Foreclosure
Location: Dayton, Defiance, Fremont, Lima, Mansfield, Sandusky, Springfield, and Toledo
Website: http://www.lawolaw.org
Phone: Main (888) 534-1432; Lucas County (419) 724-0460
Services: Legal Aid of Western Ohio serves the following counties: Allen, Ashland, Auglaize, Champaign, Clark, Crawford, Darke, Defiance, Erie, Fulton, Greene, Hancock, Hardin, Henry, Huron, Logan, Lucas, Mercer, Miami, Montgomery, Ottawa, Paulding, Preble, Putnam, Richland, Sandusky, Seneca, Shelby, Van Wert, Williams, Wood, and Wyandot.

Avoid Mortgage Scams

Attention homeowners: If you think you have been a victim of a scam, or approached by a scammer, report it to the Loan Modification Scam Prevention Network now! Your complaint could provide vital information that will help put loan modification scammers out of business.

Call 1-888-995-HOPE (With your permission, the complaint will automatically be shared with federal, state and local law enforcement)