As of July 2011, the number of foreclosures in Ohio has dropped more than 30 percent from where it was in July 2010. Decreasing foreclosure rates are not only being seen in Ohio, as the national foreclosure rate for July 2011 was also more than 30 percent lower than rates a year earlier.
In the month of July, Ohio had 8, 376 properties that received either a default filing, auction, or repossession notice. The reason for the decrease in filings can be attributed to a number of things including foreclosure prevention efforts at the state and national levels.
Other factors may include loan modifications, mortgage payment assistance for those who are unemployed, and lender borrowing.
If you or a loved one has been struggling financially and are finding it difficult to make mortgage payments, contact Florida foreclosure defense lawyer Ryan J. Really, Attorney at Law, PLLC, by calling (239) 237-0675 today.