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After several years of record-setting foreclosure rates in Ohio, the rates dropped in 2013 as compared to previous years, according to a news report. Even though that sounds like good news, Ohio does still rank fifth in the country in the rate of foreclosures. In 2013, one of every 65 properties in Ohio was involved in the foreclosure process at…
In the wake of the housing market crash, mortgage lenders have gotten a bad reputation for improper and rushed foreclosures that violate the rights of homeowners. In a case that is currently before the Ohio Supreme Court, a bank has filed a foreclosure action against an Ohio couple before the bank even held the mortgage. The couple reportedly had a mortgage with…
Foreclosure has been an overriding concern for many homeowners since the housing bubble burst in 2007. According to housing analyst data, Ohio has been listed as one of the states with the greatest percentage of deeply underwater foreclosures occurring. Fortunately, these foreclosures appeared to have been declining in December as we are seeing more homes described as being rich in…
A debt collection firm named Aeon Financial foreclosed upon more than 400 properties in Cuyahoga County, the largest county in Ohio. The company also apparently had purchased a number of liens in other states across the country as well. Yet what is truly unusual about these circumstances is the fact that Aeon information lists no owners or company website. Its…
According to recently released data, bankruptcy is getting less common in the United States. The data firm Epiq Systems Inc. reported that the total number of bankruptcy filings in the country declined by about 13 percent in 2013 to the lowest level since 2007. Experts say there are a couple of reasons bankruptcy filings have been on the decline since…