Foreclosures continue to plague Ohio, with more than 70,000 new filings reported in 2012
- May 2, 2013
Foreclosures continue to wreak havoc in Ohio communities, according to data released from the Ohio Supreme Court. In Ohio 70,469 new households filed foreclosures in 2012. This was about the same as in 2011 (a 1.5% decrease) but was more than four times as many foreclosures as we were seeing in the mid 1990s (15,975 in 1995). Foreclosure filings peaked in Ohio in 2009 with 89,061.
Cuyahoga County continues to lead Ohio in the number of new foreclosure filings with 11,427 – a marginal 1 percent decrease from 2011. Smaller counties represented the largest percentage increases from 2011 with Adams (41 percent), Noble (38 percent), and Madison (22 percent) counties seeing the largest one-year growth.
“These numbers make it very apparent that the foreclosure crisis continues to haunt Ohio,” said David Rothstein, project director for asset building at Policy Matters Ohio. Policy Matters Ohio will release a detailed analysis of the new foreclosure filings next week and an interactive map shortly.
“Clearly this small decrease in overall foreclosure filings demonstrates the increased need for foreclosure mediation and mortgage counseling,” said Mark Wiseman, director of the Consumer Law Center at Neighborhood Housing Centers of Greater Cleveland.
Housing organizations in Cleveland and Ohio share the concern about foreclosures and are available for comment. These include the Cleveland Housing Network, ESOP, Neighborhood Housing Services of Greater Cleveland, and Consumer Law Center and the Ohio Poverty Law Center.Download release