Tuesday, March 27, 2007

Ohio Home Foreclosures Up By Nearly One-Fourth Statewide

This is ONN:
Ohio's already high rate of home foreclosures climbed even higher last year.

A new report shows last year there were 79,000 foreclosure filings in Ohio. That's 24 percent more than in 2005 and nearly five times the number seen in 1995.

Zach Schiller says Ohio home borrowers are in crisis. He authored the report for the nonprofit group Policy Matters Ohio and says it's likely there will be a further increase in foreclosures this year.

Leading the state in filings in 2006 was Cuyahoga County, which includes Cleveland. The study says the second-highest number was in Montgomery County, which includes Dayton.
I blame Taft and Strickland.

Seriously, Cuyahoga and Montgomery counties are liberal strongholds...no surprise that liberal policies fail the constituency they supposedly serve. Let me be clear: this is a personal responsibility issue, but let's not pretend that these folks haven't been let down by liberals of both parties who continue to keep this state's business economy in the crapper...