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Foreclosure rates: Ohio ranks 11th in nation

2011-09-27T16:39:15+00:00

The state of Ohio ranks 11th in the nation for the number of foreclosures as of last month. According to RealtyTrac Inc., the number of homes that have received the first step in the foreclosure process in August has jumped 33 percent. This is the largest gain from month-to-month in nearly four years. In the  [...]

Foreclosure rates: Ohio ranks 11th in nation2011-09-27T16:39:15+00:00

Northwest Ohio sees decrease in banckruptcy filings

2011-09-13T15:18:10+00:00

In August 2011, northwest Ohio has seen a 26 percent decrease in bankruptcy filings compared to August 2010. Last month, there were 579 bankruptcy cases filed in the U.S. Bankruptcy Court of Toledo, a 21-county area. In August 2010, this number was at 785. As of this year there have been 4,767 filings, a 21 [...]

Northwest Ohio sees decrease in banckruptcy filings2011-09-13T15:18:10+00:00

Federal aid program helps Ohioans avoid foreclosure

2011-09-06T22:02:30+00:00

It has been nearly a year since a $570 million federal aid program began and it has saved thousands of Ohio residents from filing for foreclosure. The Restoring Stability fund began on Sept. 27, 2010 and has worked to help 2,500 homeowners from losing their homes. This program was designed to help states that have [...]

Federal aid program helps Ohioans avoid foreclosure2011-09-06T22:02:30+00:00

Mayorial candidate in Ohio talks about his Chapter 13 bankruptcy filing

2011-08-29T21:10:29+00:00

A man that is currently running for mayor in Streetsboro, Ohio has confirmed that he previously filed for Chapter 13 bankruptcy and continues to make payments at this time. The man filed for bankruptcy in 2009 and has been making monthly payments to creditors since then. The man stated that he was forced to file [...]

Mayorial candidate in Ohio talks about his Chapter 13 bankruptcy filing2011-08-29T21:10:29+00:00

Late mortgage payments on the rise

2011-08-23T20:42:48+00:00

Although a decrease has recently been seen, the state of Ohio is now seeing an increase in delinquent mortgage payments. In the state of Ohio, there are nearly 9.1 percent of home loans that are behind at this time, but they have not yet reached foreclosure. Three months ago, this number was only at 8.3 [...]

Late mortgage payments on the rise2011-08-23T20:42:48+00:00

Ohio-based NewPage considers bankruptcy

2011-08-22T16:48:40+00:00

An Ohio-based  company, NewPage, is now considering filing for bankruptcy and deciding how this will affect their Luke Plant that currently employs 870 people. In a filing with the U.S. Securities and Exchange Commission, company officials listed bankruptcy as an option to restructure their debt. They have stated at this time that their plant operations [...]

Ohio-based NewPage considers bankruptcy2011-08-22T16:48:40+00:00

Benefits of filing Chapter 7 bankruptcy

2011-08-19T15:55:49+00:00

If you are filing for bankruptcy, it may be hard to decide whether to file for Chapter 7 or Chapter 13. There are benefits to each, and it is important to know which will be the best decision for your individual case. There are a few benefits of Chapter 7 to keep in mind when [...]

Benefits of filing Chapter 7 bankruptcy2011-08-19T15:55:49+00:00

Burt Reynolds faces foreclosure

2011-08-19T15:21:24+00:00

Burt Reynolds is facing mounting financial woes and a foreclosure lawsuit. According to Merrill Lynch Credit Corp., Reynolds has not made a mortgage payment on his home since September 1, 2010. This prompted the action of filing a foreclosure lawsuit against the actor, who now risks losing his 4-acre waterfront Florida estate. Merrill Lynch wants [...]

Burt Reynolds faces foreclosure2011-08-19T15:21:24+00:00

Ohio foreclosure rates drop 30 percent in July

2011-08-11T20:14:23+00:00

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 [...]

Ohio foreclosure rates drop 30 percent in July2011-08-11T20:14:23+00:00

Bankruptcy filings fall 18 percent nationwide in July

2011-08-08T21:52:16+00:00

In July, the number of consumer bankruptcies fell by 18 percent from where they were last July. According to data from the American Bankruptcy Institute, the total number of consumer filings across the nation reached 113,470, which is down from 137,698. July marked the 7th straight month that there were fewer bankruptcies. The July 2011 [...]

Bankruptcy filings fall 18 percent nationwide in July2011-08-08T21:52:16+00:00

Fifteen metro areas still slammed with foreclosures

2011-08-04T22:13:09+00:00

The foreclosure rate has declined considerably across the country in many metropolitan areas,but there are 15 areas that are still being hit hard. And although rates are falling, the rates still overall remain high. In fact, one in every 111 houses had a foreclosure filing in the first half of this year. The top 15 [...]

Fifteen metro areas still slammed with foreclosures2011-08-04T22:13:09+00:00

Bankruptcy filings in Toledo fall for 11th month in a row

2011-08-02T13:58:03+00:00

Bankruptcy filings have fallen in the Toledo area for the 11th month in a row. Last month in the Toledo court,  there were 534 new bankruptcy cases filed. This is down from 734 that were filed last July. This court covers 21 northwest Ohio counties. With the number of filings in July added to the [...]

Bankruptcy filings in Toledo fall for 11th month in a row2011-08-02T13:58:03+00:00

Foreclosure rates drop in Florida last month

2011-07-27T18:40:40+00:00

According to RealtyTrac, a company that collects foreclosure data, there was a 19% drop in foreclosure rates for the Florida-Middleton area from May to June of this year. Compared to May-June 2010, foreclosure rates have dropped 37%. In May, there were 1, 471 filings for foreclosure and only 1, 193 last month. Although national foreclosure  [...]

Foreclosure rates drop in Florida last month2011-07-27T18:40:40+00:00

Foreclosures were high percentage of homes sold in Ohio

2011-07-26T16:33:17+00:00

According to a report issued by the Columbus Board of Realtors, 40 percent of all homes sold in Ohio during the first half of 2011 were foreclosed. This is similar to the national rate that states that 30 percent of all homes purchased are foreclosures. Although foreclosed homes accounted for 36 percent of all homes [...]

Foreclosures were high percentage of homes sold in Ohio2011-07-26T16:33:17+00:00

Borders to start liquidating stores this week

2011-07-20T20:46:05+00:00

The Ann Arbor-based bookseller, Borders, that has already closed 399 stores, will now be liquidating their stores on Friday. The bookstore failed to get the bids that would keep the store in business and it is now seeking approval from the courts to sell its assets. As of this week, 10, 700 employees have already [...]

Borders to start liquidating stores this week2011-07-20T20:46:05+00:00
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