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In the News …
Below is a list of news articles featuring Empowering and Strengthening Ohio’s People.
Rooflines, the Shelterforce Blog
Sometimes, to bring attention to what one considers to be an unjust law or policy, an act of rebellion occurs. In Ohio, three current but underwater borrowers have decided to go on a mortgage strike as an act of civil disobedience against FHFA’s stance on principal reduction the lack of help to address underwater mortgages.
Many banks took federal bailouts, and they can help stem the foreclosure crisis by keeping underwater homeowners from walking away from mortgages, ESOP says.
Three elderly Cleveland homeowners are taking a bold stand against their mortgage lenders in an effort to save their biggest investments.
The housing crisis has hurt so many hard working families. So why is one group telling Cleveland homeowners to go on a mortgage strike?
More than a million and a half Americans have lost their homes since the foreclosure crisis that began in 2008. Four years later, we look at how Northeast Ohio is faring and whether the picture has improved for the 174,000 Ohio families affected by foreclosure.
WKSU NPR Radio
ESOP was in Akron Thursday evening, offering advice to home owners at a town hall meeting in the main library. WKSU’s Tim Rudell has more on what was said, and why.
WEWS - Newschannel 5
ONN - Ohio News Network
After a year, she said they did nothing. Now, she's telling her story so others don't go through the same thing.
WOIO - 19 Action News
So you are about to lose your home so you need a quick fix to save it. That's when scam artists swoop in to take advantage.
Local nonprofit housing agencies are offering a series of free events this month to help homeowners avoid foreclosure.
Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country, the plunge in prices is slowing and attempts by lenders to claim back properties from struggling borrowers dropped by more than a third in 2011, hitting a four-year low.
With more than 100,000 vacant properties in the state, Ohio Attorney General Mike DeWine designated part of Ohio’s $335 million from the recent national settlement with the nation’s largest servicers for property demolition. However, not everyone agrees with the decision.
WEWS – Newschannel 5
A $25 billion-settlement over mortgage loan servicing and foreclosure abuses has been reached. Some say the deal between the justice department and five of the country's lenders is a relief.
Ohio homeowners, foreclosure victims to get millions in bank ...
Seifert, of Empowering and Strengthening Ohio's People -- or ESOP -- said he's not impressed with interest rate reductions but said principal reductions ...
Cleveland News - Fox 8
Local Homeowners Applaud Mortgage Settlement
“It's a good first step, we've got a long way to go,” said Mark Seifert, executive director of Empowering and Strengthening Ohio's People (ESOP).
WJW FOX 8 Cleveland
Prior to his speech, the president made a stop at the home of a local couple who almost lost their home to a predatory lender.
President Obama stopped at the Holborn Avenue home of Eason and her husband, William, Wednesday afternoon to bolster his argument that the country needs a strong watchdog agency to protect consumers. The Easons almost lost their Cleveland home after falling victim to a predatory lender.
Homeowners, neighborhood leaders and the nonprofit group Empowering and Strengthening Ohio's People, better known as ESOP, launched a campaign urging federal officials, banks and mortage companies to save homes from foreclosure.
William and Endia Eason have become celebrities since President Barack Obama stopped at their Holborn Avenue home in Cleveland last week.
The organization ESOP had helped Martin renegotiate that loan; now, unemployed and in fear of losing his family’s home, he turned to ESOP again. The result, after Martin enrolled in a principal reduction modification loan from Ocwen Financial Corporation, was that his mortgage payment went down to $640 per month. On top of that, the principal loan on the house—which is rapidly depreciating in value—will be reduced by $34,000 each year for three years, for a total reduction of $112,000.
Tim Geithner might be Endia Eason’s new best friend. If he lived in Cleveland, she’d probably bake him a pie.
So why would a 91-year-old woman in southeast Cleveland want to bake a pie for the U.S. treasury secretary?
Because lately, Geithner has been publicly nudging Senate Republicans who have hamstrung a new consumer protection agency – created to protect homeowners like Eason, and to stop what happened to her from happening to other people.
Call Staci Tinney, ESOP foreclosure prevention advocate, at (800) 209-3251. To begin the application process and to learn more about Restoring Stability, ...
CHILLICOTHE --Restore Stability With ESOP is working with unemployed and underemployed Ohioans in the Restoring Stability online application process. ...
Cordray has long supported ESOP, formerly known as the East Side Organizing ... ESOP's leaders brag about what they call their “organized hits” on banks and ...
Families facing home foreclosure can get free assistance and funding through the nonprofit organization, "Empowering and Strengthening Ohio's People. ...
A leading consumer advocate from Ohio, the home state of the director-designate of the Consumer Financial Protection Bureau (CFPB), in an October 19 interview called on Republicans to quickly confirm the nomination.
Benjamin Rose Institute
At 62, when she “retired” and could have kicked back and coasted into her golden years, Inez Killingsworth began her second career: as the tell-it-like-it-is, community champion and guiding force at what is now Empowering and Strengthening Ohio’s People.
WJW Fox 8 News
If you are unemployed and struggling to pay your mortgage, there is free money available to those who qualify.
Before your home belongs to the bank, you could get free money to save it. Are you missing out on a share of $570 million to help pay your mortgage?
It was downhill for Vera Capretta of Masury after a surgery went wrong and kept her from working as a custodian.
A Masury woman, whose home was saved from foreclosure, is encouraging others in her situation to get help too.
CBS Evening News
Fannie Mae is the nation’s largest owner of foreclosed homes and is selling the repossess homes at 60 percent below market value. As Elaine Quijano reports from Cleveland, these rock bottom prices are destroying the neighborhoods.
Angry residents from Cleveland's Mount Pleasant neighborhood confronted a landlord over unkempt properties during an hour-long meeting at the York Rite Masonic Hall on Kinsman Avenue Tuesday evening.
Mark Seifert is executive director of the nonprofit Empowering and Strengthening Ohio's People, but being the boss didn't start out as a career goal.
America's foreclosure crisis continues to drag down the national economy and Toledo neighborhoods. There is plenty of blame to go around for the causes of the mess and why it isn't fixed. Only a holistic approach will clean up the mess.
WEWS Newschannel 5:
In Cuyahoga County, homes that were sold after foreclosure have high vacancy rates two to five years after they are sold. A study by the Federal Reserve Bank of Cleveland found that foreclosed homes have much higher vacancy rates after auction than other homes.
Foreclosed homes in Cuyahoga County are more likely to remain vacant up to five years after they're sold compared with homes sold by traditional means, a new study by the Federal Reserve Bank of Cleveland has found.
Mark Seifert recalls being impressed when Richard Cordray, then theOhio state treasurer, walked into the offices of his Cleveland activist group one day in August 2007.
Over the past three years, lawmakers across Ohio have pressed for foreclosure relief, often crossing party lines to do so. But Boehner has never joined the effort. When Rep. Steve Chabot, a fellow Republican whose district borders Boehner's and shares many of its economic hardships, backed a 2008 bill to grant relief to homeowners in bankruptcy courts, Boehner refused to sign on. When Democrats passed a separate foreclosure prevention bill later that year, Boehner blasted it as "a bailout for scam artists and speculators."
WEWS Newschannel 5
One group dedicated to improving the quality of life in the Mount Pleasant neighborhood around Kinsman and Union Avenues is the Concerned Citizens of Mount Pleasant. According to organizers, Concerned Citizens is comprised of about 120 area residents.
WEWS Newschannel 5
Dale Martin was one of 20,000 people who hoped the Neighborhood Assistance Corporation of America, or NACA, would help "save his dream" and save his Cleveland home from going into foreclosure.
The Columbus Dispatch
A five-day foreclosure-prevention event starting in Columbus on Friday is billed as "Save the Dream." But critics use other phrases.
Murders, shootings, stabbings, and robberies.
Several of those crimes happened in the month of April. In Toledo's Central City.
Residents say they're getting fed up with the violence and they're letting Toledo police know just how concerned they are.
These residents with Central City Citizens, say they know how busy police officers can get. But they want to know if there's something they can do to help, before things get worse.