Thursday, May 08, 2014

Ohio Foreclosure Rate Continues to Fall

  The Ohio Supreme Court last Monday reported the number of Ohio foreclosure cases filings dropped again for the fourth consecutive year -- down 40% in 2013 compared to the all-time high in 2009 and the lowest levels in 11 years.

  The Court’s news service reported the Court began collecting foreclosure data in 1990 when there were 21,692 foreclosures.  In the first 14 consecutive years through 2009 the number of foreclosure filings rose, peaking at 89,061 in 2009 before starting to fall off again. The 2013 total – 53,163 -- also represents a 40 percent decrease compared to that all-time high in 2009.

  All told, only four of Ohio’s 88 counties recorded an increase in 2013 (Jackson, Monroe, Paulding, and Pike). Cuyahoga County again led the state with 8,829 foreclosure case filings, although continuing to track the recent state slide.  Monroe and Shelby (46% drop), Gallia & Adams Counties (44%), and Wayne County (40.6%) showed the most reduction. Hamilton County had a 23.9% decrease in 2013 over 2012; with Butler (29.5%), Clermont (31.1%), and Warren (24.3%) following suit.
  CNO has linked access to a  complete county-by-county breakdown foreclosure case filing data for the last five years.

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