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Ohio Foreclosure Trends: Insights and Solutions to Address Home Insecurity

Explore the latest research by David Rothstein from Policy Matters Ohio on the foreclosure trends in Ohio. Discover how foreclosure filings are decreasing and stabilizing, yet still affecting urban and rural counties. Learn about the impact of HUD counseling, challenges with modification scams, and the overall hampering effect of foreclosures on the housing market. Get valuable insights and data to navigate this issue.

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Ohio Foreclosure Trends: Insights and Solutions to Address Home Insecurity

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  1. Policy Matters Ohio Home Insecurity: Foreclosure Trends in Ohio By David Rothstein Director of Asset Building Research Policy Matters Ohio drothstein@policymattersohio.org 216-361-9801 Research Fellow, the New America Foundation www.policymattersohio.org

  2. Policy Matters Ohio Foreclosure filings decrease and appear to be stabilizing at peak www.policymattersohio.org

  3. Policy Matters Ohio Urban counties AND rural have high filings per person

  4. Policy Matters Ohio Largest counties see decline, HUD counseling makes impact

  5. Policy Matters Ohio Trend 4: Foreclosures Hamper already Weak Market www.policymattersohio.org

  6. Policy Matters Ohio 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

  7. Policy Matters Ohio More data and trends • Full report available: • http://www.policymattersohio.org/foreclosures-may2013 As of July 1, you can reach me at: Neighborhood Housing Services drothstein@nhscleveland.org 216-458-4663 440-668-7178 (cell) www.policymattersohio.org

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