TYPE: Research Report
DATE: February 2011
AUTHOR: David Rothstein, Policy Matters Ohio
DESCRIPTION: For the first time in fifteen years, Ohio experienced a slight decrease in new foreclosure filings in 2010. While Ohio set a new foreclosure filing record last year, topping 89,000 filings, new filings for 2010 were at 85,483. What began as mostly an urban problem in the mid 1990s, has erupted into triple-digit ten-year growth rates in every Ohio county. This represents a major and ongoing blow against families’ main source of savings and against stability. This report analyzes the new foreclosure filings statistics in Ohio along with some of the latest developments in foreclosure prevention efforts. It ends with recommendations to better assist individuals, families and communities in becoming more stable.