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Published byCornelia Terry Modified over 9 years ago
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Home Insecurity: Foreclosure Trends in Ohio By David Rothstein Director of Asset Building Research Policy Matters Ohio drothstein@policymattersohio.org 216-361-9801 Research Fellow, the New America Foundation www.policymattersohio.org Policy Matters Ohio
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Foreclosure filings decrease and appear to be stabilizing at peak www.policymattersohio.org Policy Matters Ohio YearNumber of Filings 199515,975 199618,818 199721,914 199825,862 199931,229 200035,377 200143,419 200255,274 200357,083 200459,038 200564,193 200679,435 200784,751 2008 85,773 2009 89,053 201085,773 201171,556 201270,469
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Urban counties AND rural have high filings per person Policy Matters Ohio
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Largest counties see decline, HUD counseling makes impact Policy Matters Ohio
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Trend 4: Foreclosures Hamper already Weak Market www.policymattersohio.org Policy Matters Ohio
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Modification Scams More than 600 complaints since 2009 logged with state Attorney General, 130 companies. Up-front or monthly charges Violates Ohio’s Debt Resettlement Laws Companies located out of state and online –Partner with Ohio lawyers –Very liquid –FTC involved in cases and outreach –Ohio AG active in bringing lawsuits www.policymattersohio.org Policy Matters Ohio
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More data and trends Full report available: –http://www.policymattersohio.org/foreclosures -may2013http://www.policymattersohio.org/foreclosures -may2013 www.policymattersohio.org Policy Matters Ohio As of July 1, you can reach me at: Neighborhood Housing Services drothstein@nhscleveland.org 216-458-4663 440-668-7178 (cell)
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