Foreclosure Trends 1995 - 2012

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Foreclosure Trends 1995 - 2012. Frank Ford Senior Vice President for Research and Development Neighborhood Progress, Inc. June 15, 2012. Overall, mortgage foreclosure is down and tax foreclosure is up. Down 12%. Down 23%. Up 41%.
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Foreclosure Trends1995 - 2012Frank FordSenior Vice President for Research and DevelopmentNeighborhood Progress, Inc.June 15, 2012Overall, mortgage foreclosure is down and tax foreclosure is up.Down 12%Down 23%Up 41%County-wide, foreclosure filings are down from their peak in 2007, but still 3 times the rate in 1995.12/31/12 projection based on filings through 4/30/12.Source: NEO CANDO at Case Western Reserve UniversityAfter 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 UniversityAfter 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.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.Home Sale Trends – Good NewsIn 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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