WIN’s Annual Foreclosure Study


Working In Neighborhoods has produced an annual foreclosure report for Hamilton County since May, 2002. The report grew out of the need to better understand increasing foreclosure activity in many Cincinnati neighborhoods, much of which appeared to be related to predatory loans. WIN tracked Hamilton County Sheriff’s Sales reported in the Cincinnati Court Index, including scheduled and completed Sheriff’s Sales, and used the data to map and document the community impacts of foreclosure, as well document foreclosure activity by lender. In recent years, WIN also produced several community-specific reports for Cincinnati neighborhoods and Hamilton County municipalities at the request of community councils, local governments, and others. The 2014 Report was released June 11, 2015.

S. Barbara Busch reports 1,766 Hamilton County homes in foreclosureMajor Findings for 2014:

  • Completed Sheriff’s Sales in Hamilton County fell 27 percent, from 2,418 completed Sheriff’s Sales in 2013 to 1,766 in 2014. This is the lowest number of completed foreclosures in the County since 2002.
  • New foreclosure filings in 2014 fell 21.5 percent compared to new filings in 2013, from 4,268 to 3,350.This is the lowest number of new foreclosures filed since 2002.
  • Foreclosures filed by six lenders account for more than half (51 percent) of Hamilton County properties sold at Sheriff’s Sale in 2014. Banks completing more than 100 Sheriff’s Sales in 2014 include: US Bank (195), Bank of America (183), Wells Fargo (151), Fifth Third (149), CitiBank (117) and JP Morgan Chase (113).
  • Mortgages that were originated between 2005 and 2008 made up 35 percent of all completed Sheriff’s Sales in Hamilton  County in 2014, according to County Auditor property transfer records. This number does not include mortgages that were refinanced or properties that acquired second mortgages
    during this time period.
  • Tax foreclosures made up 22.1 percent of all new foreclosures filed in 2014.
  • The number of third-party tax lien certificate sales ending in Sheriff’s Sale has increased for the fourth year in a row, from 1 in 2011 to 42 in 2014.

Community leaders review the 2014 Foreclosure ReportClick the link  to download a copy of WIN’s 2014 Foreclosure Report for Hamilton County: After the Crash; The Lingering Results of the Foreclosure Crisis in Our Communities.

This is Working In Neighborhoods’ 12th annual foreclosure report, describing trends and patterns of foreclosures in our communties. The report provides valuable information for neighborhood leaders, local governments, and others concerned about the impact of the foreclosure crisis on their neighborhoods. This year’s report provides detailed information on annual and cumulative neighborhood impacts, lender behavior, and sales trends. It also includes information about land use, median sales prices at Sheriff’s Sale by community, and loan vintage of properties sold at Sheriff’s Sale in 2014.

S. Barbara Busch calls for solutionsHard copies of the report are available upon request. WIN also creates community-specific reports for Cincinnati neighborhoods and Hamilton County municipalities at the request of community councils, local governments, and others. Contact Rigel Behrens at rbehrens@wincincy.org for more information.

June 11th, 2015 Foreclosure Report release in the news: 

WLWT Channel 5

WVXU 91.7 FM

Cincinnati Enquirer

WIN’s 2013 Foreclosure report is also available online:

In the Shadow of the Mortgage Meltdown: Taking Stock