Some residents of Ohio can either walk away from their homes they’ve considered abandoning because the value is much less than the amount owed. Others can walk into new homes through the Welcome Home Funds program.
That Ohio has bragging rights in being home to the theme park with the most roller-coasters in the world is appropriate. One roller coaster specifically is almost the exact opposite by its enormous success as a small community in southern Ohio is in its gradual demise.
On the flip side, people considering home ownership may be eligible for up to $5,000 in funding if they meet income and other eligibility requirements. The Welcome Home Funds can be combined with federal tax incentive money for a combined amount of up to $13,000 to buy.
On the other side of the state and ten years after the Blue Streak opened, the Shawnee Main Street Historic District was placed on the National Register of Historic Places. However, because of job losses and a shift in the population away from Shawnee, the little town is fighting to stay alive. What was once a charming town of 6,000 people living in homes that featured balconies and awnings now has only about 600 residents who daily view the signs of decay.
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Searching for real estate listings, there were no houses for sale in Shawnee, neither by owner or listed by real estate agents. However, one house was listed as being in foreclosure thereby making the foreclosure rate 100 percent.
Back to the north in Sandusky, the roller coasters are enjoying better success than home sales. Fifty-seven homes are listed for sale in the town that used to be a safe haven for the Underground Railroad. However the foreclosure rate is severe as one in every 615 homes received a foreclosure filing in early 2010.
With this combination of whimsy and affordability, clearly Ohio should be a state swarming with homebuyers!
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