Saturday, May 18, 2013 | 10:39 p.m.
Hi, (not you?) | Member Center | Sign Out
Updated: 8:36 p.m. Wednesday, Feb. 17, 2010 | Posted: 8:30 p.m. Wednesday, Feb. 17, 2010
Columbus Bureau
COLUMBUS — Residential foreclosures in Ohio set a new record in 2009, with signs that the continuing crisis has spread to rural and upscale suburban counties, according to data released on Wednesday, Feb. 17, by the Ohio Supreme Court.
Statewide, there were 89,053 foreclosures, up 3.8 percent from the 85,773 in 2008.
The 14.7 percent increase in Warren County — 1,498 compared to 1,308 in 2008 — represented the spread of the problem to suburban counties, said Bill Faith, executive director of the Coalition on Homelessness and Housing in Ohio.
“The really solid, stable wealthy counties are showing big increases,” said Faith. There were similar increases in Delaware County, north of Columbus, and in Medina County, in the Cleveland-Akron area.
Statewide, there were increases in 65 of 88 Ohio counties. There was a decrease in Montgomery County, where foreclosures dropped 9.5 percent, from 5,194 in 2008 to 4,703.
Faith said it is hard to say why that happened, since there were increases in other urban counties.
He said, however, that data shows there are a large number of mortgages 90 days or more delinquent that could result in a new big wave of foreclosures.
For whatever reason, Montgomery County Commissioner Dan Foley said that he was glad foreclosures were down in Montgomery County.
“I’d like to see them go down more,” Foley said.
Release of the information comes as the Ohio Senate continues to consider House-passed legislation that would impose a six-month moratorium on foreclosures and impose other requirements aimed at fighting foreclosures.
Faith said that it’s unlikely that the Senate will go along with the moratorium but is hopeful for a “good bill” with provisions such as mandatory mediation regulation of mortgage servicers.
Here’s the 2009 foreclosure picture for other area counties.
Advertisers & Sponsors |
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
Already have an account? Sign In
{* #registrationForm *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Already have an account? Sign In
{* #registrationFormBlank *} {* registration_firstName *} {* registration_lastName *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddressBlank *} {* registration_birthday *} {* registration_gender *} {* registration_postalZip *} {* traditionalRegistration_passwordBlank *} {* traditionalRegistration_passwordConfirmBlank *} {* agreeToTerms *}We have sent you a confirmation email. Please check your email and click on the link to activate your account.
We look forward to seeing you frequently. Visit us and sign in to update your profile, receive the latest news and keep up to date with mobile alerts.
Don't worry, it happens. We'll send you a link to create a new password.
{* #forgotPasswordForm *} {* forgotPassword_emailAddress *}We have sent you an email with a link to change your password.
We've sent an email with instructions to create a new password. Your existing password has not been changed.
To sign in you must verify your email address. Fill out the form below and we'll send you an email to verify.
{* #resendVerificationForm *} {* resendVerification_emailAddress *}Check your email for a link to verify your email address.

You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}