From WOSU Radio Newsroom - 820 AM, Columbus Mayor Michael Coleman is attending a "Foreclosure Forum" in Detroit Michigan... this week.. The WOSU Radio article online says:

"One consumer group says cities can't afford to wait for action in Washington or at the state level. Tuesday's meeting will be closed to the news media, but the mayors plan to release a report on the economic ripple effect of foreclosures on major metropolitan areas."

The Detroit Mayor, Kwame Kilpatrick likened the effect of foreclosure on a local economy to a tsunami. Ohio is among the states with the highest rates of foreclosures in the US. The state of Michigan leads the nation in foreclosures. The Detroit Mayor said the "Foreclosure Forum" is not about legislation.

A similar but not identical article was posted on ColumbusBestBlog.com previously...

Maureen McCabe Real Living HER Worthington

Copyright 2007 Discover Columbus and Maureen McCabe

My fairy blogmother Francis Flynn Thorsen wrote the book on buying a HUD Home and you can buy the book online.  Thorsen wrote books about HUD Homes for both consumers and real estate agents.  Order the consumer book in September and 100% of the $19.95 purchase priceid  donated to the More CARE Project of The Web Women Giving Circle.

There are over 60 HUD Homes on the market in Franklin and Delaware County now.  It's a good time to get a good deal on a home in Central Ohio!

Teleconference with the author and expert on  buying a HUD home.

c. 2006 Columbus Best Blog and Maureen McCabe

                    Phones ringing at Foreclosure Prevention Hotline

Nearly one in three calls comes from Ohio

 Tuesday, August 01, 2006

Inman News

"A national hotline set up by mortgage lenders to help homeowners stay out of foreclosure has fielded more than 2,000 calls from Ohio, where foreclosures have reached "crisis levels," the Homeownership Preservation Foundation reports.

The average foreclosure can cost a mortgage company $50,000 or more, said Walt Fricke, president and executive director of the Foundation, when the hotline was launched in February.

The Foundation -- founded in September 2004 with a $20 million seed contribution from GMAC-RFC -- is working with NeighborWorks America, which offers face-to-face advice to home buyers at 245 locations around the nation.  

The foreclosure prevention hotline is being advertised on 90 TV and 141 radio stations around the nation and at http://www.hope.org  Ohio residents have made nearly a third of the calls to the hotline, 888-995-HOPE, since a statewide program launched in April, said Lauren Crandall, a spokeswoman for the Foundation. "

Ohio is sixth on the list of the  ten top states for foreclosures according to Foreclosure.com but a third of the calls to the hotline are from Ohio!

The Inman news article said:

"NeighborWorks has 10 locations in Ohio, which are "heavily promoting" the hotline, Crandall said.

The top five states for foreclosures are Georgia, Indiana, Colorado, Michigan and Texas.  Many major lenders back the program. 

Copyright 2006 Columbus Best Blog and Maureen McCabe