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Foreclosure Trends 1995 - 2012 Frank Ford Senior Vice President for Research and Development Neighborhood Progress, Inc. June 15, 2012.

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Presentation on theme: "Foreclosure Trends 1995 - 2012 Frank Ford Senior Vice President for Research and Development Neighborhood Progress, Inc. June 15, 2012."— Presentation transcript:

1 Foreclosure Trends Frank Ford Senior Vice President for Research and Development Neighborhood Progress, Inc. June 15, 2012

2 Overall, mortgage foreclosure is down and tax foreclosure is up. Up 41% Down 23% Down 12%

3 County-wide, foreclosure filings are down from their peak in 2007, but still 3 times the rate in /31/12 projection based on filings through 4/30/12. Source: NEO CANDO at Case Western Reserve University

4 After declining steadily for 4 years, foreclosure filings in the City of Cleveland have leveled off and may be on the increase. 12/31/12 projection based on filings through 4/30/12. Source: NEO CANDO at Case Western Reserve University

5 After a dramatic decline over the past 5 years, filings on the East Side of Cleveland are up 8%. 12/31/12 projection based on filings through 4/30/12. Source: NEO CANDO at Case Western Reserve University.

6 Filings in the Outer Suburbs have increased 36% over the past 6 years and are up again this year by 9%. 12/31/12 projection based on filings through 4/30/12. Source: NEO CANDO at Case Western Reserve University.

7 Home Sale Trends – Good News In both the City of Cleveland and Cuyahoga County, home sales have stopped their downward trend and appear to be inching back up.


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