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RESOLUTION NO. 8560-12 By; ; Anderson, Bullock, Juris, Madigan, <br />Nowlin, Powers, Smith. <br />A RESOLUTION declaring March, 2012 as Save Our Homes Month in the City of Lakewood. <br />WHEREAS, the State of Ohio and the Ohio Supreme Court have called for all counties with <br />foreclosure dockets to initiate Foreclosure Mediation, as foreclosures affect every neighborhood and <br />community in Cuyahoga County. Homeowners should reach out for assistance before, during, and <br />after the foreclosure process, and they should not leave their homes if a foreclosure action is filed; <br />and <br />WHEREAS, the goal of the month will be to educate Cuyahoga County's residents on Foreclosure <br />resolution, the Cuyahoga County Court of Common Pleas Foreclosure Mediation Program, and other <br />free programs designed to help Cuyahoga County's residents remain in their homes; and <br />WHEREAS, through collaboration with Cuyahoga County's many communities and interested <br />partners in the fight against foreclosure and blight in our neighborhoods, residents become <br />empowered to reach financial stability; and <br />WHEREAS, mediation is a free service offered by the Cuyahoga County Court of Common Pleas <br />Foreclosure Mediation Program. The program stops a foreclosure action from going forward, and is <br />an opportunity for the homeowner and the lender to sit down face-to-face to find a solution to the <br />Foreclosure; and <br />WHEREAS, the goal of the Foreclosure Mediation Program is to minimize case processing time, <br />save costs and expenses to the parties by working out new mortgage terms or other agreements <br />mutually acceptable to the parties, and to prevent adverse social consequences of vacated and <br />abandoned houses in the community; and <br />WHEREAS, even homeowners who do not want to keep their homes can benefit from mediation <br />and communication with the lender by discussing graceful exit strategies; now, therefore, <br />BE IT RESOLVED BY THE CITY OF LAKEWOOD, STATE OF OHIO: <br />Section 1. That the Council and Mayor hereby declare March, 2012 as Save Our Homes <br />Month to educate Lakewood residents about the Cuyahoga County Court of Common Pleas <br />Foreclosure Mediation Program and the free resources that are available to help them through the <br />foreclosure process. <br />Adopted: t'° .Ig Jl'-~~~~ 2(t ?~ l `L= <br />Approved: ~p,~r~v'^, ~~~ ~~ ~ <br />President of Counc' l <br />Q.t <br />C1 •k o ci ` " <br />v„~~„~,- <br />ayor <br />