TASKFORCE TO MEET IN A CONTINUED EFFORT TO ADDRESS RISING FORECLOSURE RATES IN FRANKLIN COUNTY

Date: 4-15-2008
For More Info. Contact:
Hanna M. Greer
Office: (614) 462-5848

WHO:
Franklin County Commissioners
Franklin County Elected Officials
Columbus Housing Partnership
Homes on the Hill
Columbus Urban League
Consumer Credit Counseling of Central Ohio

WHAT:
Tomorrow, County Commissioners will be joined by other elected officials and housing industry representatives to discuss the county’s continued efforts to address and define how the rising foreclosure rate may affect families and local government operations. Discussion will center on counseling services and classes currently available to residents to identifying funding and services gaps where assistance is still needed.

According to a study by Policy Matters Ohio, foreclosures in Ohio have increased 23.6% from 2005 to 2006 with more than 79,000 filings in 2006. The number of foreclosures is expected to increase in the next two years, as many adjustable rate mortgages with lower “teaser” rates are reset to higher interest rates and higher monthly payments.

WHEN:
Wednesday, April 16, 2008
2 p.m.

WHERE:
Franklin County Courthouse
373 S. High St., 25th Floor
Meeting Room B