Thursday, June 23, 2005

Ohio Foreclosures Up, Research Group Reports

 

The Hannah Report (excerpt)

 

Policy Matters Ohio (PMO), a Cleveland research group, reported Thursday that foreclosures continued to rise in Ohio in 2004. PMO, which analyzed data from the Ohio Supreme Court, which updates previous reports on the subject that provide more history and explanation, said Ohio's foreclosure filings rose three percent for a second year in a row, after years of larger increases.
 

According to PMO, growth in foreclosures has leveled off, but at an extremely high level; in 53 Ohio counties, the number of foreclosure filings has at least quadrupled over the past decade. Fifty of the state's 88 counties saw increases in foreclosure filings in 2004.

 

 

Hannah News Service  06/23/2005  Vol. 126, No. 123

 

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Policy Matters Ohio is a non-profit policy research organization founded in January 2000 to broaden the debate about economic policy in Ohio. Our mission is to conduct high-quality research promoting decisions which benefit our whole community. Given the challenges of a rapidly-changing economic system, rising wage inequality, new issues in education and changes in the way work is organized, it is imperative that Ohio workers have a voice in the economic debate.

 

Policy Matters provides real-world analysis focused on issues that matter to low- and middle-income workers in Ohio. Our findings are accessible to the public, the media, and policy makers. We hope to strengthen democracy by providing Ohio's citizens with the essential tools to participate in the public discussion on the economy. We believe this will result in economic policies that better reflect the public interest.