Ohio foreclosures still a major problem


The number of foreclosure filings in Ohio dropped in 2012, but one research group says foreclosures remain a major problem.

Ohio had 70,469 new properties enter foreclosure in 2012, down 1.5 percent from 2011 and 17.6 percent from the number of cases brought against property owners in 2010, according to Supreme Court of Ohio statistics.

Foreclosure filings in Ohio peaked at 89,061 in 2009.

Statewide foreclosure filings increased 14 consecutive years through 2009 before dropping in 2010, according to Court News Ohio, a court system news service.

However, the foreclosure rate is still four times what it was in 1995, according to analysis by the group Policy Matters Ohio. Policy Matters is a nonprofit, nonpartisan research institute with offices in Cleveland and Columbus. The nonprofit studies public policy issues.

“The economy cannot recover with 70,000 new foreclosure filings a year,” said David Rothstein, Policy Matters project director for asset building, and author of the group’s annual foreclosure report “Housing Insecurity” released in May.

“It’s so divided by zip code and area by where things are getting better and things are staying the same,” Rothstein said.

Thirty-five 35 of Ohio’s 88 counties reported more foreclosures in 2012 than in 2011, Court News Ohio said.

Champaign and Clark counties saw increases in 2012 of 10 percent and 5 percent respectively, according to state figures.

Throughout Butler, Champaign, Greene, Hamilton, Miami, Montgomery, Preble and Warren counties, new foreclosure filings fell in 2012 from the previous year. The declines ranged from 2 percent to 9 percent.

“They are a problem. Anytime a person loses their home, it’s a problem,” Ron Vincent, Clark County clerk of courts, said.


Reader Comments ...


Next Up in Business

Tips for buying items at local festivals
Tips for buying items at local festivals

Late summer and fall is the prime time for festivals in the Miami Valley. Many of these offer bourbon chicken, lemon shake-ups, Ferris wheels and an overwhelming number of vendors. If you’d like to purchase beautiful handcrafted goods and other items at these events, Better Business Bureau wants you to consider these tips: ...
Quality available at thrift stores and community colleges
Quality available at thrift stores and community colleges

Don’t let your love of fashionable footwear break the bank! Here’s how to get gently used Michael Kors, Casadei and Burberry for outrageously low prices. Next time you need a pair of shoes for a night out on the town, you’d be wise to visit your local thrift store. At a recent check to a metro Atlanta area thrift store, we found some...
Moraine-based wholesaler celebrates growth, new office
Moraine-based wholesaler celebrates growth, new office

Moraine-based Winsupply Inc., one of the largest distributors in the nation, has opened a new Winsupply company in Franklin, Tenn., its fifth new company of 2017. Winsupply of Franklin will serve plumbing contractors in one of the fastest growing markets in the United States, and throughout greater Nashville, the company said Friday. RELATED: ...
Dozens of Joe's Crab Shack restaurants abruptly close
Dozens of Joe's Crab Shack restaurants abruptly close

Dozens of Joe’s Crab Shack locations across the United States abruptly closed without warning amidst its parent company’s bankruptcy proceedings. Calls to a location in Duluth, Georgia, went unanswered Thursday afternoon, and restaurant review site Yelp deemed it closed based on user feedback. The Gwinnett site is also not listed on...
Wright State gets grant for opioid addiction training
Wright State gets grant for opioid addiction training

An $80,000 federal grant will help train local phyisicians on medically assisted treatment of opioid addiction. The U.S. Department of Health and Human Services was awarded it to the Wright State University Boonshoft School of Medicine, along with a $499,095 grant toward the school’s primary care curriculum. The one-year supplemental grant toward...
More Stories