COLUMBUS, OH – March 26, 2010 – (RealEstateRama) — In response to the Obama administration’s announcement to provide additional aid to homeowners facing foreclosure through government-backed refinancing and temporary payment reductions for eligible borrowers, Ohio Attorney General Richard Cordray issues the following statement: “Today’s announcement is refreshing. The message here is that we are not done fighting foreclosures — not at the federal level and definitely not at the state level. We will continue to work to find solutions and assist those at risk of losing their homes, and we urge servicers and investors to participate in the principal reduction program. With today’s federal adjustments, Ohioans now have received more options to not just temporarily save their homes but to keep them.”
Since taking office in January 2009, Ohio Attorney General Richard Cordray has made the fight against foreclosures in Ohio a top priority. He has launched an aggressive effort to hold home appraisal companies, mortgage servicers, predatory lenders and rescue scam operations accountable for the foreclosure crisis. As a result, he has filed lawsuits against servicers Carrington Mortgage Services, American Home Mortgage Servicing Inc., and Barclays Capital Real Estate dba HomEq Servicing. These lawsuits allege violations of Ohio’s Consumer Sales Practices Act. The lawsuits, the first of their kind in the nation, aim to hold servicers accountable for how they deal with borrowers facing foreclosure.
Media Contacts:
Kim Kowalski: (614) 728-9692
cell: (614) 893-6018
Ted Hart: (614) 728-4127
cell: (614) 743-2286
