Lorain Morning Journal

Predatory lending is a collection of fraudulent and manipulative tactics used by lenders, brokers and appraisers to extract exorbitant fees and interest from debtors’ home equity, according to Policy Matters Ohio, a non-profit research institute based in Cleveland.

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Lorain Morning Journal

The housing market has been a bright spot in the area’s
economy, but ever increasing foreclosure rates show it has a
dark side.

As of Wednesday, there already have been 783 orders for sheriff’s sales of
foreclosed properties in Lorain County this year, and the numbers of homes that
the sheriffs in Erie and Huron counties have been ordered to sell have also
consistently increased.

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Ohio’s unemployment rate was 5.6 percent in May, down from 5.8 percent in April, according to data released Friday by the Ohio Department of Job and Family Services (ODJFS). Ohio’s nonfarm wage and salary employment rose 1,100 over the month, from 5,384,500 in April 2004 to 5,385,600 in May.

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Scene Magazine

Oh sure, Glenn Smith could give you his office address. But that won’t help you
find it. Instead, he tells you to drive into East Cleveland on Euclid Avenue. On the
left you’ll see a parking lot that’s pitted and sunken, where a patch of gravel
marks the outline of the old Burger King. Pull in there. Once you park, walk
through the gap in the fence toward the little brick building behind the Pizza Hut.

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