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Dayton Area Credit Unions and OCUF Fighting Foreclosures

Eleven local credit unions and the Ohio Credit Union Foundation have joined to provide over $65,000 to the HomeOwnership Center of Greater Dayton to help homeowners keep their homes amid rising foreclosures in the Miami Valley area.

By Staff Writer | Updated on November 27, 2007

DAYTON, Ohio — Eleven local credit unions and the Ohio Credit Union Foundation have joined to provide over $65,000 to the HomeOwnership Center of Greater Dayton to help homeowners keep their homes amid rising foreclosures in the Miami Valley area. The funds have allowed the HomeOwnership Center to hire a certified foreclosure counselor to exclusively serve the local area.

Ohio’s 46,000 foreclosures in the third quarter were the third highest in the nation according to RealtyTrac. Montgomery County ranks as the second worst county in Ohio due to job loss, illness and predatory lending practices. The efforts of Dayton’s credit unions and the HomeOwnership Center expect to assist over 300 Miami Valley families in avoiding foreclosure. The initiative will help borrowers by providing them with resources, necessary steps and other tools.

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