2012 saw an increase in foreclosures throughout Ohio, largely due to a backlog from the housing crisis, according to a recently released report.
RealtyTrac Inc., a popular foreclosure tracking firm, said Ohio residents had filed more default notices, scheduled auctions, and bank repossessions last year than in 2011. With 89,584 filings recorded last year, RealtyTrac Inc., reported that filings increased by 13%. According to an email written by RealtyTrac spokesman Daren Bloquist, “This is happening because there is still a backlog of delayed distress in Ohio, the unintended consequence of well-intentioned efforts to help as many homeowners avoid foreclosure process that is more susceptible to delays.”
It is said that Ohio homeowners continue to struggle due to unemployment or being underemployed.
Facing financial distress is difficult, especially if you are potentially facing foreclosure as a result. Get the financial support and help you need by talking with bankruptcy lawyer Ryan J. Really, Attorney at Law, PLLC, at (239) 237-0675.