WASHINGTON, D.C. — As thousands of Ohio homeowners faced foreclosure during the last decade’s financial crisis, the state came through, delivering millions in bailout dollars sent from Washington. But first, the homeowners had to wait. And wait some more.
The process was painfully slow, with Ohio homeowners waiting months to get help — and sometimes more than a year, a pace that made the state the worst in the nation for many delays, according to a report being released Wednesday by a federal inspector general.
“When you’re unemployed, you don’t have six months to wait for help, and you certainly don’t have a year,” Christy Goldsmith Romero, the special inspector general for the federal Troubled Asset Relief Program, or TARP, told the Northeast Ohio Media Group in a telephone interview.