Foreclosure Prevention
The Foreclosure Prevention Committee
As a volunteer committee, our mission to the residents of Euclid is to develop strategies to inform, educate and assist residents in dealing with the challenges related to foreclosure and explore approaches to reduce the number and impact of foreclosed homes in Euclid. In doing so we will:
- Develop a resident-friendly network of assistance options for families that are headed toward or currently in the throes of the foreclosure process,
- Establish the true status of Euclid "House-ing" stock stratifying owner-occupied properties, rentals, vacant, foreclosed properties and residences for sale.
- And working with the appropriate city staff, contribute to the overall housing strategy in the City of Euclid's Strategic Plan.
To learn more about our committee, please contact Marty Castelletti at 289-8141 or by E-mail.
The Obama Administration's Making Home Affordable Program includes opportunities to modify or refinance your mortgage to make your monthly payments more affordable. It also includes the Home Affordable Foreclosure Alternatives Program for homeowners who are interested in a short sale or deed-in-lieu of foreclosure. Go to www.makinghomeaffordable.gov for more information.
In addition the HOPE for Homeowners program will refinance mortgages for borrowers who are having difficulty making their payments, but can afford a new loan insured by HUD's Federal Housing Administration. Go to www.hud.gov/hopeforhomeowners for more information.