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Officials predict end to Ohio’s foreclosure crisis

2012-02-22T19:57:01+00:00

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 [...]

Officials predict end to Ohio’s foreclosure crisis2012-02-22T19:57:01+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

Foreclosures show no sign of stopping

2011-05-20T15:37:14+00:00

Although it has been four years since the mortgage lending sent the housing market into a downward spiral resulting in a wave of foreclosures, the issue is not showing signs of stopping. Because housing prices are falling, it is leaving some homeowners owning more than their homes are currently worth. The issue of shoddy documents [...]

Foreclosures show no sign of stopping2011-05-20T15:37:14+00:00

Home sales in northeast Ohio have seen a decrease, follows national trend

2011-03-31T21:23:15+00:00

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. [...]

Home sales in northeast Ohio have seen a decrease, follows national trend2011-03-31T21:23:15+00:00

Averaged foreclosed home price is at half the value

2011-03-04T15:25:24+00:00

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 [...]

Averaged foreclosed home price is at half the value2011-03-04T15:25:24+00:00
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