After the $25 billion settlement in a foreclosure fraud case on February 9, officials predict that the foreclosure crisis in Ohio will end in the near future. Because of the settlement, foreclosures in Ohio will increase, but afterwards, officials believe foreclosures will be on the downturn. The settlement will mean an increase in new foreclosure [...]
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 [...]
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 [...]
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 [...]
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 [...]
The number of foreclosures in Ohio have risen in the month of June, but are still lower than the were at this time last year. The number of foreclosures that were filed in Ohio in the month of June are up 3.5 percent from May. This means that there were 8,671 filings in June which [...]
With all the attention on foreclosures in the state of Ohio there are still many people that do not know what to do if they are beginning to fall behind on housing payments. Here are some tips that can be used in order to clear up myths about foreclosure. First, something important to remember is [...]
The state of Oregon is hoping that the legislature passes a new law that will help to protect those in foreclosure. The current law gives the homeowners very little protection and the new bills on the subject will look to close loopholes. Senate Bill 827A and 826 are two of the bills looking to help [...]
As of now, foreclosed homes are selling at nearly a 27 percent discount compared to homes that are not distressed. However, some states are seeing a larger discounted rate than others. In 10 states, the discounted rated was nearly 35 percent lower than homes not in distress. The largest discounts are seen in Illinois and [...]
For the number of filings that have been made in the first three months of the year, Ohio has been ranked the 12th highest in foreclosure rates in the nation. RealtyTrac Inc. announced that the number of foreclosure rates has risen 13 percent from February to March. This has been the highest increase in over [...]
In the month of February, the amount of home sales have slipped in northeast Ohio and in the rest of the country. The sales of the new and existing homes in the 15 county region have gone down by nearly 14 percent. House sales are down from the year before, by condominium sales have rose. [...]
Foreclosure rates in the month of December have risen in Mahoning County from where they were at this time last year. According to newly released data, foreclosure rates reached 4.6 percent among those who have an outstanding mortgage. The foreclosure rate in the Mahoning Valley is higher than the national average which is at 3.58 [...]
According to a California-based foreclosure tracker, the average foreclosed home in Ohio went for $79,835, which is a 43 percent discount. This number has actually decreased from the year before when it was a 47 percent discount. Foreclosure sales in Ohio are even lower than they are in other states. The average foreclosure sale in [...]
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