Banks and other lenders continued to aggressively repossess central Ohio homes

The rise in bank repossessions is seen by analysts as part of the cleanup of the last housing crisis and not the start of a new one.

Banks and other lenders continued to aggressively repossess central Ohio homes in May, in some cases years after the homeowners had fallen into foreclosure.

Banks and government agencies took back 801 central Ohio homes during the month, more than double the April number and almost four times the number repossessed a year earlier, according to the mortgage service RealtyTrac.

May was the sixth straight month that bank repossessions rose in the Columbus area.

The rise in repossessions comes in spite of a three-year drop in foreclosures.

But for a variety of reasons, including legal delays and efforts to reach accords with borrowers, lenders did not move to repossess many of the homes until now.

“We’re getting to a point where some of these homeowners have just exhausted every alternative to foreclosure,” said RealtyTrac Vice President Daren Blomquist.

“We’re finally not kicking the can down the road again.”

Home repossessions also rose nationally and statewide in May, according to RealtyTrac. Across the country, repossessions rose for the third straight month, and in Ohio they jumped 114 percent in May from a year earlier. Despite the jumps, repossessions remain well below the 2013 peak.

jweiker@dispatch.com

@JimWeikerhttp://webcache.googleusercontent.com/search?q=cache:wPRfpFbP-sQJ:http://www.dispatch.com/content/stories/business/2015/06/18/lenders-reclaiming-homes-at-higher-rate.html%2Bhttp://www.dispatch.com/content/stories/business/2015/06/18/lenders-reclaiming-homes-at-higher-rate.html&client=safari&rls=en&oe=UTF-8&hl=en&&ct=clnk

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

Comment by truth on June 19, 2015 at 3:59pm

more than double the April number and almost four times the number repossessed a year earlier

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Less Prone favorited cheeki kea's photo
yesterday
Doc Vega's 9 blog posts were featured
yesterday
Less Prone commented on Doc Vega's blog post Modern Day Cannibalism?
"You may be consuming human tissue unknowingly in vaccines, food or drink. One of the cruellest…"
yesterday
Less Prone favorited Doc Vega's blog post Modern Day Cannibalism?
yesterday
Less Prone favorited Doc Vega's blog post Death Threats for Assisting ICE?
yesterday
Less Prone commented on Doc Vega's blog post Death Threats for Assisting ICE?
"Democrats pretend to be icons of democracy, but what kind of rule do they have in mind? When they…"
yesterday
Less Prone commented on Doc Vega's blog post GROK Acknowledges the Co-existence of Humans and Dinosaurs
yesterday
omegamann posted photos
yesterday
Less Prone favorited Doc Vega's blog post GROK Acknowledges the Co-existence of Humans and Dinosaurs
yesterday
Less Prone commented on Doc Vega's blog post GROK Acknowledges the Co-existence of Humans and Dinosaurs
"I got some "proof" for you. An early prehistoric cave painting documented on a runestone."
yesterday
Less Prone favorited Doc Vega's blog post In the Political Realm They've Gone One Step Too Far!
yesterday
Less Prone commented on Burbia's video
Thumbnail

All In The Family | Mike Meets Archie For The First Time | The Norman Lear Effect

"Television programs have come down a lot in quality since those days. "
yesterday
Doc Vega posted a blog post

In the Political Realm They've Gone One Step Too Far!

I'm Your Host here on a completely new program. We call it One Step Too Far! Join us now for some…See More
Tuesday
Doc Vega posted photos
Tuesday
Doc Vega commented on Burbia's video
Thumbnail

All In The Family | Mike Meets Archie For The First Time | The Norman Lear Effect

"Wow almost as brainless as entitled as the college dolts who argued with Charlie Kirk before his…"
Tuesday
Less Prone commented on Burbia's video
Tuesday
Less Prone favorited Burbia's video
Tuesday
Less Prone posted a video

America Copied Germany’s Jerry Can — But Missed The One Genius Detail that Made All the Difference

America Copied Germany’s WWII Jerry Can — But Missed The One Genuis Detail that Made All the DifferenceIn World War II, Allied armies were losing up to half ...
Tuesday
Less Prone favorited Burbia's photo
Monday
Burbia posted a photo
Sunday

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted