The number of foreclosure filings in Ohio has reached an alarming level, according to a report from Policy Matters Ohio nonprofit research institute that calculates the number of sheriff sales and foreclosures in the state on a biennial basis.

Policy Matters Ohio says there were 79,072 new foreclosure filings in 2006, an increase of more than 15,000 or a 23.6-percent jump from 2005.
“Foreclosures have become a pervasive problem in Ohio,” said Zach Schiller, Policy Matters research director and author of the report. “Additional steps should be taken to provide relief to borrowers harmed by abusive lending practices and to bolster protection for home buyers.”
Schiller’s study also found that in the last 11 years, “filings at least doubled in all but two of Ohio’s counties; in 82 counties, the number at least tripled, and in 70, it quadrupled.”
Click here to read the full report from Policy Matters.