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Online Homebuyer Education
Available in Ohio
Study Shows Homebuyer Education Grads Ten-Times Less Likely
to Suffer Foreclose than Similar Borrowers
Who: |
Nine NeighborWorks organizations across Ohio |
What: |
eHome America, an online homebuyer education service |
Why: |
Homebuyer education is critical to preventing future foreclosure meltdowns. This online service helps those in remote areas or with scheduling difficulties access homebuyer education at their convenience. |
When: |
Starting today |
Where: |
Websites of NeighborWorks organizations located across Ohio |
How: |
The online service is accessible from home computers, libraries, and other public access points. |
Ohio residents can now access quality homebuyer education ONLINE at their convenience of time and location. Nine NeighborWorks organizations from across the state announced today that they will be offering eHome America, an online course on the homebuying process and homeownership responsibilities.
“Homebuyer education is critical to successful homeownership,” stated Lou Tisler, Executive Director of the Neighborhood Housing Services of Greater Cleveland. “Our classes help students learn everything they need to know about the home buying process – from how much house they can afford to working with real estate professionals to selecting the right mortgage. Our students graduate as fully-informed consumers who understand the rights and responsibilities of homeownership.”
Proper homebuyer education has been shown to dramatically reduce foreclosure rates, especially among low- and moderate-income families, according to a recent study by NeighborWorks America. Individuals and families with counseling from NeighborWorks organizations are ten times less likely to go into foreclosure than similar borrowers. “If more families had participated in homebuyer education, the current skyrocketing foreclosure rates would be significantly lower,” noted Tisler. “Now, with eHome America, it is easier than ever for every homebuyer to get the education he or she needs.”
eHome America offers the same course provided live by the NeighborWorks organizations, but online. NeighborWorks organizations think eHome America will be especially useful for people who can’t come to classes in person due to distance or scheduling difficulties. eHome America features a series of modules, each with a combination of videos and text geared towards the adult learner. Every person who takes the course will also be directly connected to a NeighborWorks organization, often in his or her area. This insures participants receive the one-on-one counseling they need. Once students complete all the modules and online tests, they will receive an official Certificate of Homebuyer Education Completion to be presented to their lenders.
This comprehensive course takes approximately eight to ten hours to complete and costs $49, but reduced to $35 when combined with coupon code HOME411. As an added bonus, any homeowner completing the online course and purchasing a home within 6 months, will have all fees associated with this online course rebated upon submission of a final HUD 1 settlement statement. As a further bonus, any homeowner purchasing a home after the first 6 months but before a year has concluded from the completion of the course, will have 50% of all fees associated with this online course rebated upon submission of a final HUD 1 settlement statement.
To access NHSGC's new online homeownership course, click here.
eHome America was developed by Community Ventures Corp. of Lexington, KY and funded in part by NeighborWorks America. Ohio NeighborWorks organizations offering the online course include the: Columbus Housing Partnership, East Akron Neighborhood Development Corporation, the Home Ownership Center of Greater Cincinnati, HomeOwnership Center of Greater Dayton, Neighborhood Development Services (Ravenna), Neighborhood Housing Partnership of Greater Springfield, Neighborhood Housing Services of Greater Cleveland, and Neighborhood Housing Services of Hamilton.
About Neighborhood Housing Services of Greater Cleveland
Neighborhood Housing Services of Greater Cleveland is not-for-profit community development corporation incorporated in 1975 to promote investment and revitalization of communities in Northeast Ohio As one of the original chartered members of NeighborWorks® America, the mission of Neighborhood Housing Services of Greater Cleveland is to provide ongoing programs and services for achieving, preserving and sustaining the American dream of homeownership. For more information call 216.458.HOME (4663) or visit our website at www.nhscleveland.org.
About NeighborWorks® America
NeighborWorks America creates opportunities for people to improve their lives and strengthen their communities by providing access to homeownership and to safe and affordable rental housing. Since 1991, NeighborWorks has assisted nearly 1.2 million low- to moderate-income families with their housing needs. Much of their success is achieved through support of the NeighborWorks network ― more than 230 community development organizations working in more than 4,400 urban, suburban and rural communities in all 50 states, the District of Columbia and Puerto Rico. In the last five years, NeighborWorks organizations have generated more than $15 billion in reinvestment in these communities. NeighborWorks America is the nation’s leading trainer of community development and affordable housing professionals.
