My usual source for foreclosure statistics, NEO CANDO, has fallen a few weeks behind. So over the weekend I went through the December filings on the Cuyahoga Common Pleas docket to identify the mortgage foreclosures (final tally: 775 new cases), added them to NEO CANDO’s total for the previous eleven months (now up to 9,351), and guess what… as predicted, our county saw more than 10,000 foreclosures cases filed in 2011.
10,126, to be precise.
Which makes 2011 the sixth consecutive five-figure year for the foreclosure lawyers, and brings their total filings (Common Pleas cases only, not counting those filed in Federal court) to about 70,370 since New Year’s Day 2006.
Seriously, people. Cuyahoga County judges have been asked by mortgage holders to foreclose on more than 70,000 properties – mostly homes – just since Frank Jackson was first sworn in as Mayor of Cleveland. That’s roughly one foreclosure for every 6.25 residential structures in the county in 2000. For the city of Cleveland, with about 30,500 of those foreclosures, it’s one for every 4.7 residential structures.
33,228 of those foreclosures — almost half — have been filed since Barack Obama became President. (I wonder if anyone will ask him about that number at Shaker Heights High School tomorrow.)
And now over 10,000 have been filed on Ed Fitzgerald’s watch as County Executive.
