Callahan’s Cleveland Diary

It seems Cuyahoga County had about six hundred more mortgage foreclosures last year than I reported in this post two weeks ago.

Mike Schramm, NEO CANDO’s housing statistics guru, sent around an email alert on Friday about corrections to the CWRU site’s 2009 foreclosure filing statistics. Apparently their database had a significant undercount of new cases filed last January.

With that problem corrected, NEO CANDO is now showing:

• 11,408 mortgage foreclosure cases were filed in Common Pleas Court during 2009 — a decrease of about 1,150 (9%) compared to 2008.
• All of the decrease occurred in the city of Cleveland, which saw 4,465 mortgage foreclosures in the past year compared to 5,577 in 2008.
• The corrected data for the rest of Cuyahoga County (all communities outside of Cleveland) shows virtually no slowdown in filings… with 6,943 in 2009 compared to 6,974 in 2008.

Here are the two charts from my earlier post, updated with the corrected numbers:

(Note: If you want to look up the details at NEO CANDO yourself, the foreclosure totals above include only three of the six foreclosure “case designations” listed by the Court: “Foreclosure Marshalling of Liens”, “Partition”, and “Quiet Title”.  These are the categories that cover actual mortgage foreclosures, mostly by private lenders. Statistics for the other three case designations, which are tax foreclosures, aren’t included.)

This entry was posted on Sunday, January 24th, 2010 at 7:56 pm and is filed under Foreclosure crisis, Poor Cleveland, Shrinking city. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.