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Nonprofit Helps Trim Foreclosed Home Listing in Ohio

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By : John Cutts    99 or more times read
The nonprofit organization, Home is the Foundation has been taking an active role in helping distressed homeowners in Preble County, Ohio protect their properties from foreclosed home listing.

About 1,500 properties in Preble County went into foreclosures from 2005 up to June 2009. The foreclosure crisis has been plaguing not just the county but many areas in the United States. Today, many Americans are struggling not just to hold on to their jobs but also to their homes.

Foreclosure is defined as the legal process initiated by lenders to repossess a collateral for a delinquent loan. The Preble County has not been spared from the devastating effects of the foreclosure crisis.

According to market data, one out of 479 houses in West Manchester and Camden are at risk of foreclosure. Other areas in Preble County have a foreclosure ratio of one out of every 2,000 housing units.

District Librarian Abby Noland of Preble County expressed her sadness over hearing stories how some area families lost their homes to foreclosure. She said that during her day off, she attended the Save Our Homes Summit which brought together several key players in Ohio who discussed the foreclosure crisis and the overall housing market condition.

The Home is the Foundation played a major role in the conference which aimed to help distressed homeowners in the county and other communities in Ohio save their homes from foreclosures. The foundation has been recognized as one of the organizations in Ohio that takes an active role and is fully committed in helping residents protect their homes from foreclosures.

According to the foundation, it was established to address the low supply of affordable housing in the county. The organization owns several properties for rent for low-income families in the county.

Representatives from the organization met with county commissioners to discuss how they could help distressed homeowners in the counties of Butler, Darke and Preble.

Foundation marketing coordinator Deron Newman said that Ohio earned the 12th position on the list of the top states with highest foreclosure rate, adding that Preble County receives the brunt of the crisis. Last year, Preble County posted 374 foreclosure homes. For the first seven months of this year, the county already recorded 180 foreclosure filings.

The nonprofit organization works by providing resources to distressed homeowners and helping them delay or stop the foreclosure process.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.

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