Loading…
Sunday, December 28, 2014
Current Weather
Loading Current Weather....
Published: Wednesday, 8/15/2007

Local foreclosure rate worsens in quarter

Metro Toledo ranks as the 26th worst among the nation s 100 largest cities in foreclosure actions, a new study shows. The ranking is worse than one early this year.

Stockton, Calif., and Detroit had the highest foreclosure rates among major metro areas in the nation at the end of June, according to RealtyTrac, an online business. Stockton had one foreclosure action for every 27 households and Detroit had one per 29 households.

Toledo had one for every 84 households, and its ranking was worse than its 29th spot after the first three months of this year, RealtyTrac said. Foreclosure actions jumped 51 percent in the metro area in the first six months of this year, to 3,530, compared with the same period last year, the study shows.

Elsewhere in Ohio, metro Cleveland ranked 10th among the major U.S. cities, with one action per 50 households; Dayton was 16th, one per 63 households; Akron was 18th, one per 70 households; Columbus was 20th, one per 70 households; and Cincinnati was 34th, one per 100 households.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.