SitemapForeclosure filings are down for the fifth straight year in Ohio.
According to reports, 80 of the state’s 88 counties saw a decline.
Locally, Trumbull County was down 18 percent, Columbiana 14 percent, and Mahoning County 11 percent.
Ian Beniston, with the Youngstown Neighborhood Development Corporation, said many factors contribute to the trend. He said a better economy, a decline in sub-prime lending and programs that help first-time buyers are all factors.
“Homeownership, hopefully, continues to remain a viable option for people,” Beniston said. “It is critical to neighborhood stabilization.”
Last year, there were 43,000 foreclosures in Ohio. The all-time high was 89,000 in 2009, which was during the recent recession.
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