Posted Wednesday, February 15, 2012
Featured on Episode of the 2011-2012 season
Ohio will share in a $25 billion settlement with the country's five biggest mortgage lenders. The lenders were accused of making bad deals and bringing on the foreclosure crisis. The money will be used to help current and former home owners. Ohio gets $335 million in the deal, and Attorney General Mike DeWine wants to use $75 million to demolish vacant homes that are bringing down values in their neighborhood. Ohio has tens of thousands of vacant, blighted homes.
Columbus Dispatch: Razing plans must be in gear to receive state funds
Plain Dealer: Cleveland covets mortgage settlement money for demolition of abandoned homes
National Mortgage Settlement
USA Today: Questions and Answers on the Mortgage Settlement
Bankrate.com: Banks make $25 Billion Settlement
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