Medina County Courthouse

Thursday, February 10, 2011

Foreclosures Down 4 Percent in 2010

For the first time in 15 years, Ohio foreclosure case filings declined compared to the previous year, according to data released today by the Supreme Court of Ohio.

For 2010, common pleas courts across Ohio reported 85,483 new residential and commercial foreclosure case filings to the Supreme Court. The Court began collecting foreclosure data in 1990.

Fifty-eight counties saw decreases in the number of year-over-year foreclosures compared to the 30 counties who experienced an increase in 2010. Madison County, with 201 foreclosures, reported the sharpest decline from the prior year with 26 percent fewer foreclosures. On the other end of the spectrum, Noble County reported a 294 percent increase in the number of foreclosures from 32 in 2009 to 126 in 2010.

The statewide decline in foreclosures is significant, given that the Court reported a 14th consecutive annual increase in 2009.

Cuyahoga County continued to lead the state in the number of foreclosures with 12,825, although this figure represents a 9 percent annual decline. Franklin County reported a 2 percent increase for 2010 foreclosures with 9,649. Meanwhile, Hamilton County data show 6,556 foreclosures in 2010 for a 2 percent decrease.

Created in 2008, Ohio’s multi-agency foreclosure prevention effort – the Save the Dream campaign – continues to provide Ohioans with access to numerous state resources and programs related to foreclosure.

The Supreme Court assists in this effort by reporting its foreclosure statistics, supporting foreclosure mediation programs, and offering training.

Access the complete county-by-county foreclosure data from 2001 through 2010.

Contact: Chris Davey or Bret Crow at 614.387.9250.

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