What is the foreclosure rate in Lorain County?
In 2008 more than 2200 foreclosure actions were filed with the Lorain County Clerk of Courts. This is a slight over 2008. One in fifty-one households in Lorain County were filed against by their mortgage company. Foreclosures are spreading out of Lorain County cities and into the townships and rural areas. What is the main reason for foreclosures? The general economy in Northeast Ohio and Lorain County has not been good in terms of expanding employment, wage increases and company closing over the last several years. Traditionally a healthy real estate market is the result of employment expansion and population growth. I have several foreclosured homes in my neighborhood; will this affect the value of my home? A professional appraiser can best establish the value of your home. Professional appraisers are trained to study comparable properties and they understand the circumstances for a low-price sale. What can I do if Im falling behind in my mortgage payments? Most important is to conta
