Ohio Foreclosures Up, Research Group Reports

The Hannah Report

Policy Matters Ohio (PMO), a Cleveland research group, reported Thursday that foreclosures continued to rise in Ohio in 2004. PMO, which analyzed data from the Ohio Supreme Court, which updates previous reports on the subject that provide more history and explanation, said Ohio’s foreclosure filings rose three percent for a second year in a row, after years of larger increases.

According to PMO, growth in foreclosures has leveled off, but at an extremely high level; in 53 Ohio counties, the number of foreclosure filings has at least quadrupled over the past decade. Fifty of the state’s 88 counties saw increases in foreclosure filings in 2004.