Showing posts with label foreclosures. Show all posts
Showing posts with label foreclosures. Show all posts

Saturday, April 25, 2009

Medina County Foreclosure Rates Continue to Climb

Judge James L. Kimbler reports that home foreclosures continued to climb during the first quarter of 2009 as compared to the first quarter of 2008. In the first quarter of 2008, there were 131 foreclosure cases assigned to Judge Kimbler's docket. In the first quarter of 2009, that number climbed to 149. 

Although January of 2009 saw fewer foreclosure cases assigned to Judge Kimbler's docket than January of 2008, the other two months of the first quarter both saw more foreclosure cases assigned. In January of 2008, the number of foreclosures assigned to Judge Kimbler's docket was 44, while in January of 2009, the number of such cases was 43. In February and March of 2008, the numbers were 39 and 48 respectively while in 2009 the numbers for the same month were 45 and 61. 

Tuesday, November 06, 2007

Rise in Foreclosures Could Hurt GOP in Exurban Counties

The L.A. Times has an article out that raises the issue that the rapid increase in foreclosures could hurt the GOP in what are often referred to as "exurban" counties. The article focuses in on one county in northern Virginia, Loudoun, that voted heavily for Bush in 2004. This is a quote from the article:

STERLING, VA. -- Every afternoon, when Karla Schroeder walks her two boys home from school, she takes note of the new real estate signs springing up on neighborhood lawns. These days, they're not what she's used to seeing, and she's not happy about the change.

Along with a great many "For Sale" signs are new ones that say "Foreclosure." A few weeks ago, she was startled by a bright orange sign that said "Auction."

The national downturn in the housing market has arrived in Loudoun County, a once-largely rural area on the western fringes of Washington that has become one of the fastest-growing regions in the United States. In addition to the economic effect, it's stirring anxiety and discontent that have begun to change the climate in which people consider politics -- especially some Republicans.

"I used to consider myself a Republican, but now I consider myself an independent," Schroeder said.


The foreclosure crisis is not limited to Virginia or states like California. Ohio has seen a rapid increase in the number of foreclosures. Foreclosures now make up almost half of the new cases filed each month in Medina County. The increase in foreclosures may be one reason why Ted Strickland and Sherrod Brown both carried the county just two years after George Bush got around 55% of Medina County's vote in 2004.

Since 2004 there have been reminders that the market-oriented philosophy of the GOP cannot solve certain social problems or even produce a competent government. The continuation of the war in Iraq, the response to Hurricane Katrina, the break-down of America's system of health care, and now the rapid increase in foreclosures all serve to reinforce that point.

People turn to the Democratic Party when they are feeling economically insecure and are looking for help. The increase in foreclosures contributes to such a feeling of insecurity.

The Democratic Party, however, has to come up with solutions that actually help people instead of rich donors. It will be interesting to see if the Party will respond to the concerns of people living with the threat of foreclosure.

Thanks to Medina County Democrat David Brown for sending us the link to the L.A. Times article.

Monday, February 05, 2007

Poverty Increasing in Medina County

The Cleveland Plain Dealer ran a very interesting story about how poverty is increasing in Medina County. Medina County is one of the fastest growing counties in Ohio and its median income is about $20,000 higher than the median income for the metropolitan area as a whole, but, as the article points out, it is not immune from increasing poverty. This is shown by the increase in foreclosure cases, by the increase in students using the free lunch programs, and by increases in social service applications. This is a very interesting story and one that everyone in Medina County should read. You can read it by clicking on the link in this entry's title.