Foreclosed Homeowners in Ohio Reluctant to Respond

ADN reports the Dayton Daily News in Ohio says only about 6,000 of the 140,700 eligible Ohioans who received foreclosure notices 2009-2010 have asked for a review of their case despite the possibility of receiving up to $125,000 if the borrower was not in default when the foreclosure process began. Lesser amounts may be collectible if a loan modification was never offered or was denied erroneously by one of the 14 lenders servicing the loans, including JPMorgan Chase, Wells Fargo, and Bank of America. Compensation is not available if the foreclosure was not completed, but the process will be suspended if it has begun. Over four million people nationally responded according to the U.S. Government Accountability Office. Eligible homeowners have been hard to find because many have already lost their homes, and others refuse to open letters from the bank. MHProNews has learned the deadline for review request is Sept. 30, 2012.

(Image credit: HousingWire)

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