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Economy and Business


Foreclosures are down in Ohio for third-consecutive year
Bank take overs drop by more than a third in some counties since 2008
by WKSU's GRANT ENGLE

Reporter
Grant Engle
 
Ohio's foreclosure rates continue to fall, a good sign given that it was "Ground Zero."
Courtesy of Andrew Taber/Flickr
Download (WKSU Only)
In The Region:

Home foreclosures in Ohio have decreased for three straight years, according to a report from the Ohio Supreme Court.

The report says there were more than 70,000 foreclosure cases in 2012, down 2 percent from 2011 and down more than 17 percent from the height of the mortgage crisis in 2008.

Stark County had one of the most drastic decreases over the last five years, as foreclosures have dropped by more than one-third.

Guy Cecala is the CEO of Inside Mortgage Finance Publications – a company that focuses on residential mortgage statistics and news. He says Ohio is in line with the national trend in the housing market.

Guy Cecala says Ohio is an indicator of national foreclosure trends

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“Ohio is significant in that it’s kind of ground zero for foreclosures – other than maybe Michigan – it’s tended to have one of the worst track records, which means the highest rate of foreclosure. So, it’s a very positive sign to see some break in the foreclosures and see that moving downward.”

Cecala says the country has seen fairly rapid declines in foreclosures, and mortgage experts are eager to see if that continues while jobs grow at a much lower rate.

County 2008 2009 2010 2011 2012   2012 over 2011 2012 over 2008
Adams 155 163 130 95 134   41% -13.55%
Allen 996 690 682 472 462   -2% -53.61%
Ashland 282 348 319 249 217   -13% -23.05%
Ashtabula 782 802 759 708 641   -9% -18.03%
Athens 169 192 161 147 141   -4% -16.57%
Auglaize 227 262 248 216 204   -6% -10.13%
Belmont 220 228 265 205 200   -2% -9.09%
Brown 371 385 407 294 304   3% -18.06%
Butler 2,987 3,162 3,166 2,544 2,489   -2% -16.67%
Carroll 122 168 170 132 115   -13% -5.74%
Champaign 256 318 293 224 247   10% -3.52%
Clark 1,124 1,104 1,067 881 927   5% -17.53%
Clermont 1,285 1,342 1,402 1,153 1,265   10% -1.56%
Clinton 291 397 330 264 302   14% 3.78%
Columbiana 636 702 681 534 448   -16% -29.56%
Coshocton 180 187 163 317 183   -42% 1.67%
Crawford 337 312 304 262 257   -2% -23.74%
Cuyahoga 13,858 14,171 12,825 11,544 11,427   -1% -17.54%
Darke 310 311 273 198 218   10% -29.68%
Defiance 183 198 225 191 147   -23% -19.67%
Delaware 909 1,003 989 886 788   -11% -13.31%
Erie 562 539 548 444 478   8% -14.95%
Fairfield 964 1,019 963 795 841   6% -12.76%
Fayette 216 235 201 181 185   2% -14.35%
Franklin 9,305 9,499 9,649 7,834 7,702   -2% -17.23%
Fulton 216 273 251 222 173   -22% -19.91%
Gallia 95 82 113 100 104   4% 9.47%
Geauga 435 508 497 463 416   -10% -4.37%
Greene 773 851 817 765 732   -4% -5.30%
Guernsey 210 221 188 198 146   -26% -30.48%
Hamilton 6,673 6,714 6,556 5,834 5,667   -3% -15.08%
Hancock 436 534 503 336 352   5% -19.27%
Hardin 210 185 173 172 144   -16% -31.43%
Harrison 81 70 81 56 45   -20% -44.44%
Henry 146 183 162 111 109   -2% -25.34%
Highland 351 381 307 262 278   6% -20.80%
Hocking 178 166 201 152 145   -5% -18.54%
Holmes 109 103 117 105 69   -34% -36.70%
Huron 396 423 382 303 336   11% -15.15%
Jackson 198 228 207 157 133   -15% -32.83%
Jefferson 297 308 338 280 245   -13% -17.51%
Knox 405 453 502 421 427   1% 5.43%
Lake 1,517 1,695 1,760 1,609 1,590   -1% 4.81%
Lawrence 260 260 252 216 257   19% -1.15%
Licking 1,204 1,178 1,188 983 960   -2% -20.27%
Logan 323 340 328 278 267   -4% -17.34%
Lorain 2,442 2,696 2,385 1,742 1,859   7% -23.87%
Lucas 4,359 4,491 4,232 3,237 3,030   -6% -30.49%
Madison 198 273 201 146 178   22% -10.10%
Mahoning 1,836 1,755 1,819 1,381 1,360   -2% -25.93%
Marion 531 584 541 388 382   -2% -28.06%
Medina 961 1,155 1,098 906 845   -7% -12.07%
Meigs 75 74 71 60 61   2% -18.67%
Mercer 142 154 161 117 124   6% -12.68%
Miami 590 741 676 543 520   -4% -11.86%
Monroe 38 33 32 31 13   -58% -65.79%
Montgomery 5,194 4,703 4,673 3,924 3,750   -4% -27.80%
Morgan 37 85 64 48 33   -31% -10.81%
Morrow 261 242 291 207 205   -1% -21.46%
Muskingum 563 450 530 425 432   2% -23.27%
Noble 38 32 126 48 66   38% 73.68%
Ottawa 273 262 272 183 195   7% -28.57%
Paulding 126 151 113 77 75   -3% -40.48%
Perry 217 234 217 214 181   -15% -16.59%
Pickaway 318 339 297 272 284   4% -10.69%
Pike 129 104 121 91 105   15% -18.60%
Portage 874 935 991 792 771   -3% -11.78%
Preble 374 370 384 330 304   -8% -18.72%
Putnam 104 100 109 86 81   -6% -22.12%
Richland 862 903 798 717 736   3% -14.62%
Ross 416 518 424 349 371   6% -10.82%
Sandusky 321 408 325 268 294   10% -8.41%
Scioto 304 324 325 273 345   26% 13.49%
Seneca 316 331 355 296 280   -5% -11.39%
Shelby 250 303 291 274 245   -11% -2.00%
Stark 3,017 2,700 2,549 2,124 2,020   -5% -33.05%
Summit 4,113 4,633 4,320 3,658 3,794   4% -7.76%
Trumbull 1,481 1,605 1,413 1,161 1,249   8% -15.67%
Tuscarawas 389 453 409 340 334   -2% -14.14%
Union 320 338 340 291 305   5% -4.69%
Van Wert 201 207 156 133 147   11% -26.87%
Vinton 43 65 56 41 37   -10% -13.95%
Warren 1,306 1,498 1,450 1,242 1,135   -9% -13.09%
Washington 173 201 154 152 156   3% -9.83%
Wayne 462 588 493 356 431   21% -6.71%
Williams 199 273 230 143 143   0% -28.14%
Wood 582 750 727 610 594   -3% 2.06%
Wyandot 98 107 121 84 82   -2% -16.33%
Statewide 85,773 89,061 85,483 71,553 70,469   -2% -17.84%
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