home insecurity: foreclosure trends in ohio by david rothstein director of asset building research...
TRANSCRIPT
![Page 1: Home Insecurity: Foreclosure Trends in Ohio By David Rothstein Director of Asset Building Research Policy Matters Ohio drothstein@policymattersohio.org](https://reader038.vdocuments.net/reader038/viewer/2022100501/56649e4e5503460f94b4554c/html5/thumbnails/1.jpg)
Home Insecurity: Foreclosure Trends in Ohio
By David RothsteinDirector of Asset Building Research
Policy Matters [email protected]
216-361-9801
Research Fellow, the New America Foundation
www.policymattersohio.org
Policy Matters Ohio
![Page 2: Home Insecurity: Foreclosure Trends in Ohio By David Rothstein Director of Asset Building Research Policy Matters Ohio drothstein@policymattersohio.org](https://reader038.vdocuments.net/reader038/viewer/2022100501/56649e4e5503460f94b4554c/html5/thumbnails/2.jpg)
Foreclosure filings decrease and appear to be stabilizing at peak
www.policymattersohio.org
Policy Matters Ohio
Year Number of Filings
1995 15,975
1996 18,818
1997 21,914
1998 25,862
1999 31,229
2000 35,377
2001 43,419
2002 55,274
2003 57,083
2004 59,038
2005 64,193
2006 79,435
2007 84,751
2008 85,773
2009 89,053
2010 85,773
2011 71,556
2012 70,469
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Urban counties AND rural have high filings per person
Policy Matters Ohio
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Largest counties see decline, HUD counseling makes impact
Policy Matters Ohio
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Trend 4: Foreclosures Hamper already Weak Market
www.policymattersohio.org
Policy Matters Ohio
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Modification Scams• More than 600 complaints since 2009 logged with
state Attorney General, 130 companies.• Up-front or monthly charges • Violates Ohio’s Debt Resettlement Laws• Companies located out of state and online
– Partner with Ohio lawyers– Very liquid– FTC involved in cases and outreach– Ohio AG active in bringing lawsuits
www.policymattersohio.org
Policy Matters Ohio
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More data and trends• Full report available:
– http://www.policymattersohio.org/foreclosures-may2013
www.policymattersohio.org
Policy Matters Ohio
As of July 1, you can reach me at:
Neighborhood Housing [email protected] (cell)