Foreclosures

Statewide News
11:53 am
Mon January 23, 2012

Ohio, Mich. Lawmakers Write Obama on Vacant Homes

WARRENSVILLE HEIGHTS, Ohio (AP) - A bipartisan group of Ohio and Michigan members of Congress is asking President Barack Obama to help communities in the two states deal with abandoned and vacant homes.

In a letter dated Monday, the 16 lawmakers say stressed local governments need federal support to demolish decaying properties on a large scale.

The letter says weak housing markets in Ohio and Michigan have been devastated by slow population growth. The lawmakers say it's estimated Ohio has more than 70,000 empty homes in such bad shape that they need to be torn down.

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Around the Miami Valley
4:16 pm
Fri September 17, 2010

Foreclosure Filings Up in Dayton Metro Area

Foreclosures are on the rise in the Dayton metro area, with Montgomery County having the highest numbers. This comes from the foreclosure filing company, Realty Trac.

Montgomery, Greene and Miami Counties saw a 30 percent increase in foreclosure filings in August from the same time a year ago. Montgomery County had the largest increase from 663 filings in August 2009, to 884 last month. University of Dayton economist Richard Stock says because of recent jobs loss, this doesn't come as a surprise.

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Facing the Mortgage Crisis
10:30 am
Fri August 28, 2009

Facing the Mortgage Crisis: The Next Steps Community Forum

From our public forum on Aug. 20, 2009 discussing foreclosure, mortgage problems and struggling neighborhoods.

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Facing the Mortgage Crisis
7:35 am
Sat July 25, 2009

Foreclosure Scams

As home foreclosures rise, so do the number of people trying to take advantage of those in a bad situation. More and more, scams are popping up across Ohio. In May, the Attorney General's office launched a crackdown on the shady practices. WYSO's Emily McCord reports on the on-going effort.

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Facing the Mortgage Crisis
7:36 am
Fri July 24, 2009

The Mortgage Crisis and Appraisers

When a house is for sale, an evaluation is done to determine its value before a loan is made.  Appraisers are trained to make judgments about the value of properties with "boot-on-the-ground" inspections. In the past, a few appraisers were influenced by over zealous brokers and lenders. Now there are new guidelines in place. But are they protecting the consumer or making money for the lender?

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