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Ohio foreclosures fall again

Ohio foreclosures fall again

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COLUMBUS, Ohio – The Ohio Supreme Court says the number of new mortgage foreclosures in the state was down in 2013 for the fourth consecutive year and is now at its lowest point since 2002.

The court says the 53,163 new foreclosure filings in common pleas courts last year were about 17,000 fewer than the previous year, a 25 percent drop.

New foreclosures in Franklin County fell for the third straight year with 26 percent fewer than in 2012.

The court began tracking foreclosures in 1990, and the number rose for 14 consecutive years through 2009, which saw a high of more than 89,000.

The 53,163 foreclosure filings in 2013 represent a 40-percent drop from 2009, the height of the recession.

The court reported that only four counties — Jackson, Monroe, Paulding, and Pike — reported an increase in foreclosures from last year.

Cuyahoga County again led the state with 8,829 filings, although that figure is also down. Franklin County was second with 5,691.

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