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August 07, 2007

Behind the Numbers, Brief No. 6 released. Properties owned by financial institutions

Mike Schramm


Behind the Numbers, BRIEF NO. 6, Titled "Houses in transition: A report on properties owned by financial institutions and real estate organizations in Cuyahoga County, 2007," discusses the rapid rise in foreclosure rates and housing abandonment in Cleveland and its surrounding suburbs.

This topic is garnering national attention and threatening to overwhelm the government agencies and community organizations that address the problem.

As of February 2007, a total of 9,175 of these sheriff’s deeds on single, two, three family homes and condominiums were owned by financial and real estate institutions.

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Click to see these numbers updated as of September, 1, 2007

View all Research & Publication Updates

Foreclosure Research from the Poverty Center
Facing the Foreclosure Crisis in Greater Cleveland: What happened and How Communities Are Responding
Trends in Home Purchase Loans
Beyond REO
Pathways to Foreclosure
Foreclosure and Beyond
Properties Owned by Financial Institutions