Duration of Assistance Assistance ends after a onetime payment to the servicer.
Duration of Assistance Assistance under HPP is intended to be a one-time payment to the servicer.
Duration of Assistance Assistance will be disbursed in full to the borrower’s servicer upon loan closing and agreement of the servicer to accept the HHF funds.
Duration of Assistance Assistance will be available to households on a one-time-only basis.
Duration of Assistance Assistance under this Program for employment related, death of a spouse or co-borrower and divorce hardships will be capped at 24 months. Assistance received for catastrophic related financial expenses will be capped at 6 months.
Duration of Assistance Assistance is a one-time payment paid directly to the Lender / Servicer or tax authority, for application to the homeowner’s account as provided above.
Duration of Assistance Assistance under RMP is a one-time payment to the mortgage lender/servicer.
Duration of Assistance Assistance under HSP is intended to be a one-time payment to the servicer.
Duration of Assistance Assistance is in the form of a one-time payment to the borrower and incentives to the first and second lien holders consisting of: • A $4,000 payment to the borrower by Ohio Homeowner Assistance LLC (OHA). • A $1,000 of inducement to the servicer. If the servicer waives this payment the borrower may receive an additional $1,000 directly from OHA. No payments may be made to the lender/servicer until a short sale, or deed-in- lieu agreement is executed. • Up to $2,500 in payments to secondary lien holders, if any, not to exceed 10% of the second lien balance. A recordable “Satisfaction of Lien” must be issued and the lienholder must agree not to pursue a deficiency judgment for any remaining balance.
Duration of Assistance Assistance will be a one time set of payments.
