Foreclosure Trends Frank Ford Senior Vice President for Research and Development Neighborhood Progress, Inc. June 15, 2012

Overall, mortgage foreclosure is down and tax foreclosure is up. Up 41% Down 23% Down 12%

County-wide, foreclosure filings are down from their peak in 2007, but still 3 times the rate in /31/12 projection based on filings through 4/30/12. Source: NEO CANDO at Case Western Reserve University

After declining steadily for 4 years, foreclosure filings in the City of Cleveland have leveled off and may be on the increase. 12/31/12 projection based on filings through 4/30/12. Source: NEO CANDO at Case Western Reserve University

After a dramatic decline over the past 5 years, filings on the East Side of Cleveland are up 8%. 12/31/12 projection based on filings through 4/30/12. Source: NEO CANDO at Case Western Reserve University.

Filings in the Outer Suburbs have increased 36% over the past 6 years and are up again this year by 9%. 12/31/12 projection based on filings through 4/30/12. Source: NEO CANDO at Case Western Reserve University.

Home Sale Trends – Good News In both the City of Cleveland and Cuyahoga County, home sales have stopped their downward trend and appear to be inching back up.