Tag Archives: Ohio

How will a bill that passed in the Ohio State Legislature cut down on the issues brought on by vacant and abandoned properties, and will the bill serve as a template for the rest of the nation?

On February 16, 2016, the Ohio Supreme Court closed the door on mortgage avoidance actions based on a defect in execution where the mortgage has been recorded.

While a fast track foreclosure bill aimed at eliminating blight awaits a vote in the Ohio State Senate, the U.S. Senate in Ohio has taken action.

The state of Ohio is taking steps to remedy the vacant and abandoned property crisis, however, and the rest of the country may follow suit. A bill that would reduce foreclosure timelines and therefore shorten the amount of time that residential properties remain vacant in Ohio passed by a unanimous 88-0 vote in the Ohio House of Representatives earlier this week.

Many Americans are still having difficulty obtaining mortgage loans due to the adverse impact of the crisis on their credit scores even seven years after the crisis. In mid-July, Brown proposed a bill known as the Consumer Reporting Fairness Act, which would require banks or creditors to notify credit reporting agencies when a bankruptcy extinguishes a consumer's debt.

Urban stabilization and revitalization have long been at the top of the OCC's national agenda, Curry said, and Cleveland and other Midwestern cities have seen their share of foreclosures, shuttered manufacturers, and population outflow during and since the financial crisis.

Ohio-based Safeguard Properties, the largest mortgage field services company in the nation, has announced the appointment of Pat Hoffman as assistant VP of operations.

Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Linda Erkkila, General Counsel with Safeguard Properties.

A bill to expedite the lengthy foreclosure process and eliminate blight in Ohio neighborhoods that has national implications has been re-introduced and has passed by a unanimous vote in the Ohio House of Representatives.

Plain City, Ohio-based A2Z Field Services has announced the retirement of its president, Bill McMullen, and the promotion of longtime SVP Amie Sparks-Beebe to the position of president and CEO with the company.