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Brown, Senate Majority Leader: Republican Proposal Could Undermine 10,000 U.S. Veterans Who Have Struggled...

WASHINGTON, D.C. - March 16, 2011 - (RealEstateRama) -- With the current Republican budget proposal eliminating a successful grant program that could leave thousands of veterans on the streets, U.S. Sen. Sherrod Brown (D-OH) and Senate Majority Leader Harry Reid (D-NV) held a news conference call today to urge the continuation of the program to prevent veteran homelessness.

OHFA BOARD APPROVES $2.7 MILLION FOR DEVELOPMENT AND CONSTRUCTION OF AFFORDABLE HOUSING IN CLEVELAND...

COLUMBUS, OH - March 16, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board today approved $750,000 in funding through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF)

Brown at Banking Committee Hearing: Use Federal Resources to Keep Families in Their Homes...

WASHINGTON, D.C. - March 15, 2011 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) attended a hearing of the U.S. Senate Committee on Banking, Housing, and Urban Affairs today entitled ‘The Administration’s Report to Congress: Reforming America’s Housing Finance Market.’ The hearing examined the progress the Obama Administration has made in reforming the mortgage During the hearing, Sen. Brown announced that he would file legislation to help Ohio homeowners avoid foreclosure through both affordable mortgage modifications.

Cuyahoga County Mortgage Fraud Task Force Announces Indictment of Donna Sherman, Owner of Sherman...

CLEVELAND, OH - March 15, 2011 - (RealEstateRama) -- County Prosecutor Bill Mason and the Cuyahoga County Mortgage Fraud Task Force operating under authorization of Ohio Attorney General and Ohio's Organized Crime Investigations Commission announced a 46 count indictment against Donna Sherman and her title company, Sherman Title Agency, located in Northfield, Ohio.

Brown Announces $46 M in Tax Credits for Cincinnati Community Revitalization and Affordable Housing...

WASHINGTON, DC - February 24, 2011 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) today announced that $28 million in tax credits were granted to the Cincinnati Development Fund (CDF) and $18,000,000 in tax credits were granted to the Cincinnati New Markets Fund. The tax credits were provided by the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund New Markets Tax Credit (NMTC) program. NMTC allocations will allow for economic and community development that fosters job growth in the Greater Cincinnati Area.

Study: Severe housing cost burden increases in Ohio

February 24, 2011 - (RealEstateRama) -- Housing Landscape 2011, the National Housing Conference’s annual study of housing affordability trends, examines the number of households nationwide that experience severe housing cost burden; that is, spending more than 50 percent of household income on housing costs. Ohio experienced a one percent increase in 2009 over 2008 in the number of households experiencing severe housing cost burden

Fred Loewinger of Fast Mortgage Sentenced to Six Years in Prison

CLEVELAND, OH - February 17, 2011 - (RealEstateRama) -- County Prosecutor Bill Mason and the Cuyahoga County Mortgage Fraud Task Force operating under authorization of Ohio Attorney General’s Office and Ohio's Organized Crime Investigations Commission announced that Fred Loewinger was sentenced to six years in prison and ordered to pay $1.4 million in restitution. Co-defendant Mitchel Petti was found guilty at trial of 13 felony mortgage fraud charges and will be sentenced March 14, 2011.

OHFA BOARD APPROVES OVER $7.6 MILLION FOR DEVELOPMENT AND CONSTRUCTION OF AFFORDABLE HOUSING IN...

COLUMBUS, OH - February 17, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board yesterday approved $1.6 million in funding through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF).

A comprehensive foreclosure report released today by Policy Matters Ohio lays to rest any...

February 15, 2011 - (RealEstateRama) -- The report, “Home Insecurity: Foreclosure Growth in Ohio, 2011,” analyzes foreclosure filings and housing trends among Ohio counties and finds that despite a slight reduction foreclosures in 2010 compared to 2009, the 85,483 foreclosures recorded in 2010 remains a dangerously high number. “The growing number of delinquent mortgages and homes with negative equity is simply unsustainable,” said David Rothstein, Policy Matters researcher and author of the report

Ashtabula County Tire Recycler Guilty of Unlicensed Operation

ASHTABULA, OH - February 9, 2011 - (RealEstateRama) -- Sanford Schroll and his company, American Scrap Tire Recyclers Inc. (ASTRI), pled guilty on Feb. 4 in Ashtabula County Court of Common Pleas to one count of operating an unlicensed scrap tire collection facility.Schroll, 73, of Geneva, was sentenced to two years of community control and a $10,000 fine. Ashtabula County Common Pleas Judge Alfred Mackey told Schroll the fine will be suspended if he cleans up all of the scrap tires located at 2730 Walter Main Road, Geneva. If he fails to clean up the property, he could face two years of incarceration

State, Athens County Mobile Home Park Owner Settle Water Pollution Violations; Agreement Will Improve...

February 8, 2011 - (RealEstateRama) -- Ohio Attorney General Mike DeWine announced today that the State of Ohio has entered into a proposed consent order with Raymond Croxford, doing business as Knollwood Mobile Home Park (U.S. Route 50 West, Athens County). The order resolves allegations of violations related to unauthorized wastewater discharges from the park’s wastewater treatment plant into Margaret Creek

Property Owners in Crawford, Mercer Counties Ordered to Pay Penalties for Open Burning

Columbus, OH - February 4, 2011 - (RealEstateRama) -- Open burning can cause health problems, safety issues and general nuisance conditions, even in rural areas. Ohio allows certain types of open burning in rural areas; however, some restrictions still apply. When these regulations are violated, Ohio EPA takes action to stop the problem, which may include civil penalties against those responsible.

Ohio agent gains tools to effectively manage her online listings with addition of IDX...

EUGENE, OR - February 3, 2011 - (RealEstateRama) -- IDX Broker software has once again been integrated onto the website of a real estate professional, this time with the IDX, Inc. premier technology is hosted by Akron, Ohio agent Jolyn Brown. Thanks to her membership with the Northeast Ohio Real Estate Exchange (NEOHREX), Brown is able to sync thousands of listings to her online search page. Now, home seekers can experience an unprecedented level of the online property search right on Brown's website. With the IDX solution that has been custom created for Brown, her website is now more complete and helpful to potential buyers.

After Pressure From Sen. Brown, Fed Rules to Maintain Key Protection for Homeowners

WASHINGTON, D.C. - February 2, 2011 - (RealEstateRama) -- Following pressure from U.S. Sen. Sherrod Brown (D-OH), the Federal Reserve Board announced that it would maintain critical protections for homeowners outlined in the Truth in Lending Act (TILA). In January, Brown and five of his Senate Banking Committee colleagues urged the Federal Reserve to reconsider proposed rules that would eliminate the ability of homeowners to stop foreclosures and rescind predatory home loans.

Portage County Property Owner Ordered to Pay Penalty for Open Burning

January 24, 2011 - (RealEstateRama) -- Ohio EPA has ordered a Portage County resident to pay a $1,250 civil penalty for repeated illegal open burning. Seth Powers was ordered to pay the penalty after open burning solid waste, wood, brush and other materials on property located at New Milford Road and adjacent to the I-76 overpass in Rootstown Township. Powers has a land contract on the residential property.

OHFA BOARD APPROVES OVER $21.5 MILLION FOR DEVELOPMENT AND REHABILITATION OF AFFORDABLE HOUSING

COLUMBUS, OH - January 20, 2011 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) Board yesterday approved $5.6 million in funding through the Housing Development Assistance Program (HDAP) to provide flexible, low-interest financing for affordable housing developments. Funding for HDAP comes from the federal HOME program and the Ohio Housing Trust Fund (OHTF)

Jeffrey St. Martin Sentenced to Six Years In Prison

CLEVELAND, OH - January 19, 2011 - (RealEstateRama) -- County Prosecutor Bill Mason and the Cuyahoga County Mortgage Fraud Task Force operating under authorization of Ohio Attorney General's Office and Ohio's Organized Crime Investigations Commission announced that Jeffrey St. Martin was sentenced to six years in prison. He was ordered to pay $3,089,750 in restitution and $30,000 in forfeiture

Sen. Brown Urges Fed to Maintain Key Protection for Homeowners

WASHINGTON, D.C. - January 4, 2011 - (RealEstateRama) -- U.S. Sen. Sherrod Brown (D-OH) and five of his Senate Banking Committee colleagues urged the Federal Reserve to reconsider proposed rules that would eliminate the ability of homeowners to stop foreclosures and rescind predatory home loans. The proposed rule would prevent homeowners from cancelling mortgages that violate the Truth in Lending Act

Ohio Courts Take Action in Foreclosure Cases

COLUMBUS, OH - December 29, 2010 - (RealEstateRama) -- In a letter sent today to Ohio judges, Attorney General Richard Cordray has requested that the state courts continue to pay close attention to foreclosure cases that may have affidavits signed by robo-signers. In support of continued vigilance, Cordray highlights several courts that have taken action to address the situation."In tracking these cases throughout the state, we have found that judges are finding different ways to handle them," said Cordray.

Two Indicted in Cuyahoga County Board of Revision Probe

CLEVELAND, OH - December 28, 2010 - (RealEstateRama) -- Two former members of the Cuyahoga County Board of Revision were indicted today as a result of a joint criminal investigation by the Cuyahoga County Sheriff's Office and the Ohio Bureau of Criminal Identification and Investigation.Keith Headen, 52, Solon, is charged with one count of tampering with records, a third-degree felony. Headen is accused of altering a worksheet and journal entry in an attempt to reduce the valuation of a particular residential property. The board had rejected the property owner's request to reduce his property value by $31,000. But following the board hearing, Headen allegedly altered the documents to make it appear as though the board approved the property owner's request.

Recent

Central Ohio Housing Report – December 2018

While the 2017 housing market was marked by renewed optimism fueled by stock market strength, higher wages and a competitive environment for home sales, 2018 maintained the competitive housing market amid less than stellar stock market performance and rising interest rates while housing affordability dipped to a ten-year low.