COLUMBUS, Ohio -- It's no secret: the housing market is struggling and many homeowners are facing foreclosure.

NBC 4 is working to help you get answers. What questions do you have about going into or coming out foreclosure? Are you trying to buy a foreclosed home?

Simply scroll down to post your question and we will get answers for you. The answers to your questions will be posted on this page next week.

NOTE: This is not an open forum. This page is reserved for serious questions only and general statements of opinion are not appropriate. Thank you.

Posted May 09, 2008 @ 04:40 PM by dunn What can you do if you think you were a victim of predatory lending? How far behind on you mortgage do you have to be before foreclosure begins?

"The "Save the Dream" website at www.savethedream.ohio.gov provides the following questions to ask yourself to determine if you are a victim of predatory lending:

• Does your past credit history justify the high rate and fees charged?
• Is the loan being made on the basis of your ability to repay the loan and not solely on the value of the property?
• Have the loan's terms been fairly represented and explained to you?
• Does the type of loan and the loan services provided meet your need and interests?

Answering "no" to these questions could suggest the loan is possibly predatory. For more information on filing a complaint visit www.com.state.oh.us/dfi/ccmain.htm to file complaints against Depository Institutions, Non- Depository Institutions, or with the Attorney General.

For information on when a foreclosure can begin, refer to your mortgage document and promissory note. The terms of default are outlined in the contract. Each individual lending institution has their own guidelines and polices regarding when they will begin foreclosure proceedings. In Ohio, foreclosure usually begins when a complaint for is filed in a court of law."

DISCLAIMER: Rocky VanBrimmer is a licensed real estate agent with Minister Realty in Columbus, Ohio. This information is general in content and provided for informational purposes only. Each banking institution and situation regarding the foreclosure process is different due to circumstances. This information should not be replaced for sound legal advice from a licensed attorney at law.