Foreclosures in the Fairfield County on a Hike

This year the Fairfield County experienced a record amount of foreclosures and this is something that the residents find unusual. Many of the residents in the Fairfield County believed that the economic conditions of the county has caused this situation of foreclosures and rendered numerous people homeless. However they feel that they have experienced some signs of betterment.

The Fairfield County featured approximately 690 foreclosures since January. 1 down to August. 31 during 2009. This figure exceeded the records of 2005. The Foreclosure officials are aware of the increasing number of foreclosures and are quite sure that the number filings would not increase as fast as they used to increase few years back.

Benjamin Horne, the managing attorney with Southeastern Ohio Legal Services feels that, “Basically, what’s happening is there was a giant upswing between 2004 and 2008, and it may have sort of leveled out in 2009, but it’s leveled off at this high rate. There was this dramatic increase in foreclosure filings across the state over the last three years, and the foreclosures are still being filed at these record rates, and we are at record rates here in Fairfield County.”

The Fairfield County Clerk in the Courts Office provided the statistics of the foreclosures taking place in the Fairfield County features a major increase in the fillings of foreclosures since 2003 and 2004. The records of 2004 featuring 611 fillings shows a 25% increase from the 2003 records showing 489 fillings.

The chief deputy for the Fairfield County Clerk of Courts, Kelly Turben, handling the issue of foreclosure fillings feels that the decrease in fillings might be the result of people asking for help. Kelly Turben further emphasizes that, “We don’t really get that many foreclosure filings from across the counter. And we don’t really talk to that many attorneys about it. We just kind of take what we’re given and process it.”

With the ones facing foreclosures Turben helps by sending them directly to the Save the Dream Campaign, which is a foreclosures prevention program. Horne feels that the problem that is resulting to the increasing foreclosures is that most people have not received any alterations in loans through loan modification program.

Horne commented that, “The reason more people aren’t being helped is debatable. But, often times it’s not in the servicer’s financial best interest to modify a loan because they’re actually collecting more money serving delinquent loans.”

He observed that the residents should inform the ‘Save the Dream’ hot line which is their first step towards the prevention of foreclosure of their homes. He commented that, “When you get foreclosed upon, your name ends up in this public record, and the sharks start to circle. If you’re ever asked to pay money to someone other than your lender or your servicer to save a home, that’s a big red flag. But, if you call Save the Dream, you’re not going to get scammed. You’re going to get real help.”

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