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Ohio Foreclosure Filings Down Again In 2013
By: Court News Ohio
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The number of Ohio foreclosure case filings in 2013 hit its lowest levels in 11 years, according to data released today by the Ohio Supreme Court.
For 2013, common pleas courts statewide reported 53,163 new residential, commercial, and tax foreclosure case filings to the Supreme Court, or 17,306 fewer compared to 2012 (a 24.6 percent decline). The number of foreclosures hasn’t been in this range since 2002.
The Supreme Court began collecting foreclosure data in 1990, and for 14 consecutive years through 2009 the number of foreclosure filings rose. Last year marked the fourth consecutive annual decrease. The 2013 total also represents a 40 percent decrease compared to the all-time high of 89,061 in 2009.
All told, only four of Ohio’s 88 counties recorded a increase in 2013 (Jackson, Monroe, Paulding, and Pike). Cuyahoga County again led the state with 8,829 foreclosure case filings, although this figure continues to track the recent state slide.
Common pleas courts submit foreclosure statistics to the Supreme Court each month. However, that data does not break down the number of residential, commercial, or tax foreclosure filings separately.
By collecting this data, the Supreme Court attempts to assist in the efficient administration of justice by measuring the pace of incoming litigation for case management purposes. The Supreme Court does not examine or analyze larger social and governmental trends that may contribute to or influence changes in the number of foreclosure case filings.
Bret Crow is a reporter for Court News Ohio.