December 21, 2014

Medina
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Actual 2010 foreclosures increased in Medina County

MEDINA — Numbers released by the Ohio Supreme Court show foreclosure filings in Medina County dropped by 5 percent between 2009 and 2010.

However, Medina County Auditor Mike Kovack reported this week the number of actual foreclosed properties increased in that time.

Kovack

Kovack

The court’s numbers show there were 1,098 initial foreclosures in Medina County in 2010. In 2009, the county saw an all-time high of 1,155 initial filings.

Kovack reported 467 properties were sold at sheriff’s sales last year — an all-time high for the county.

He said 363 properties sold at sheriff’s sales in 2009.

Kovack said the discrepancy might be explained by the fact foreclosures filed earlier in the recession are being finalized now.

“What I’ve been told from a national level is (the banks) held off for a while and last year they started processing more (foreclosure filings).

“So some of them that have been in the pipelines might be going through now,” he said.

He said the sheriff’s sales are higher than normal for the first few months of this year, too.

“They’re on par with what happened last year,” he said Wednesday.

Forty-six sales are scheduled for the April auction.

Contact Maria Kacik Kula at (330) 721-4049 or mkacik@medina-gazette.com.