Foreclosures up in Erie, Ottawa counties

Home foreclosures remain at epidemic rates in Ohio, according to a new study by a Cleveland public policy group.
Tom Jackson
Feb 24, 2011

 

Home foreclosures remain at epidemic rates in Ohio, according to a new study by a Cleveland public policy group.

A Policy Matters Ohio report found that home foreclosures fell slightly statewide last year, but the report said it was likely a fluke.

There isn't much good news, either, for Erie and Ottawa counties, where home foreclosures actually rose again last year.

The study, "Home Insecurity: Foreclosure Growth in Ohio 2011," is available for download at www.policymattersohio.org.

What to do if you face foreclosure

* Try to contact your bank and see if it will work out payments.

* Call a HUD-approved housing counselor, such as Neighborhood Housing Services of Greater Cleveland at 216-458-4663. * Be very cautious about doing business with for-profit companies that purport to help home-owners. Research loan modification scams at loanscamalert.com.

* Hire an attorney and find out what your rights are. Look for someone who specializes in foreclosure cases. If you can’t afford an attorney, contact Legal Aid of Western Ohio, which maintains an office in downtown Sandusky.

* Consult the list of resources listed at U.S. Rep. Marcy Kaptur’s website, kaptur.house.gov. If you need more help, contact her office at 800-964-4699. Read more in today's Register or e-paper What to do if you face foreclosure

Read more in today's Register or e-paper

RELATED STORY

Local home sales improve

Comments

starryeyes83

Yesterday's headline read  that local sales have improved.  Quite the contrast. 

  SR make  up your minds.   

D29m2

I was just thinking the same thing myself ! lol

D29m2

I was just thinking the same thing myself ! lol

Julie R.

That was my first thought, too. Yesterday's headline said local sales had improved! 

6079 Smith W

And the sad thing is that foreclosures and short sales are not taken into account for the purposes of property tax assessment.

But they do in fact affect the market value of the surrounding properties at time of sale.

Erie County Resident

RE: * Consult the list of resources listed at U.S. Rep. Marcy Kaptur’s website, kaptur.house.gov. If you need more help, contact her office at 800-964-4699.

 

ROFLMAO... What a huge joke. Contact Kapturs office!!!

I've tried for 3 years to contact Kaptur and Brown and all I've ever got is a form letter response saying nothing but fluff. I want some answers about the FHA and nothing from either but jibberish garbage.

They represent nobody but Marcy and Sherrod unless you just happen to be a good photo-op for their non-stop campaign.

Marcy and Sherrod run their shops in the same manner... It's all about me, me, me.

Cityslicker

Yeh, people bought houses 6 months ago, and just forgot to make payments. Thus the forclosure rate goes up right along with home sales.

outsider

 starryeyes83,

Yesterday's article might as well as been a paid advertisement by Erie County Realtors. The Register doesn't do any research on the accuracy of the numbers provided by the realtors association. You give me the numbers and I can spin them any way you want. It's not a total lie. It's just not the total truth.

Before you accept information you need to ask yourself who generated the information. 

 

 

6079 Smith W

@ outsider:

You may be on to something with the idea of realtors lying. 

"Realtor Group May Have Overstated Number of Existing Houses Sold Since 2007":

http://online.wsj.com/article/SB10001424052748704476604576158452087956150.html?mod=WSJ_RealEstate_RIGHTTopCarousel

 

Have you ever heard a realtor say that it's a bad time to buy a house?

 

Julie R.

All the foreclosures and sheriff sales here in Erie County and these corrupt courts ordered a nice home in Huron that was owned scot free and clear of all liens and mortgages for almost 40 years to be sold at a substantial discount at a sheriff sale-----not through foreclosure----but through an invalid partition action and a fraud preliminary judicial report all because their attorney buds and other morons committed fraud on the property causing serious defects in the title.  And I can't wait to see now how they are going to clear the title for the realtor that bought it claiming he wasn't aware of the defects. A realtor doesn't have enough common sense to do a very simple title search prior to bidding on property at a sheriff sale? Yeah, right. Just another corrupt Eeeerie County scam.  

eriemom

Aren't the two stories related in that, after foreclosed, the property was sold, bringing the number of home sale up?

6079 Smith W

@ goofus:

The "father" of the mortgage-backed security, Lew Ranieri was on CNBC the other day.

He believes that in all likelihood that there will be a second round of foreclosures.

Great stuff: http://www.cnbc.com/id/41735500/

The videos were very informative.

Are they sellin' 'em two for a dollar there in FL yet?

 

6079 Smith W

The Community Organizer-in-Chief is out with a crazy plan to have the big banks write down principal on underwater mortgages:

http://online.wsj.com/article/SB10001424052748703842004576162813248586844.html

What lending institution in their right mind would ever make a mortgage loan if the @#$% rules can be changed due to market conditions?

goofus

Winnie, they ain't selling squat down here. Driving around the area, produces hundreds of empty storefronts and empty wharehouse business parks. I don't really know where anybody works down here. There are even abandoned motels around Disney. The other day at a local tavern, I got into a discussion with a swimming pool tiler, he owns his own company and hasn't worked in over six months. I believe it's worse down here, at least up north they are trying to tear down abandoned storefronts.

Captain Gutz

goofus,

 

Tell that tiler he won't find much tile work by sitting in a tavern.