Posted January 17, 201310:27 am
More than 14,000 consumers in Cuyahoga County are eligible for a piece of this month's $8.5 billion national foreclosure settlement.
The local foreclosure crisis has been on the radar of consumer watchdogs, economists, government officials and regulators for years.
Ohio was at one time considered ground-zero for the foreclosure crisis and has remained in the top seven states with the worst foreclosure and delinquency problems. As of last year, about one in seven mortgages in the state is delinquent or in foreclosure.
Among those who have been concerned about foreclosures: the National Consumer Law Center, the Legal Aid Society and the attorney general's office in Ohio and nearly every other state.
Click here to read the full news story from today about the foreclosure settlement.