Wanted to post updated statistics of what’s going on in Pickaway county regarding foreclosures.
Overall we’re down GREATLY from the same period in 2007 when there were about 35 or so active foreclosures on the market.
As of today, the system I’ve built to track active foreclosure in Pickaway county says we have about 13 current active foreclosures. This of course does not include HUD listings, which have been removed due to a conflict with the last management company, they are in transition and should hit the market by the end of the month. This will increase the total number of what’s available, although it shouldn’t be more than 10 county-wide.
Total number of homes available at sheriff’s sale this time is up greatly from last year (About a 30% increase) although my feeling is not all of these will make it to the auction.
- Chase 4
- Wells Fargo 9
- Saxon Mortgage Company 1
- GMAC Mortgage 3
- Huntington Bank 1
- Bank of New York 5
- Countrywide 4
- LaSalle Bank 1
- PHH Mortgage 1
- 5/3rd 2
- Glouster Community Bank 1
- JP Morgan Chase 1 (Commercial)
- National City Mortgage 5
- US Bank 7
- New Century Mortgage (Now Carrington) 1
- Deutsche Bank National Trust 5
- The Savings Bank 1
- Southern Point Subdivision 1 (Corporation)
- HSBC 2
- CITI Mortgage 1
- American Home Mortgage Services 1
Total till mid May : 56
This number is up greatly from the same period last year, and so far from my personal research there have been just about 68 total foreclosure filings in the county this year.
IF these mortgages aren’t mitigated, we might see a good deal of foreclosures on the market. What’s interesting is the shift from Countrywide and Deutche Bank to Wells Fargo and the Bank of New York. I don’t know of a reason for the shift, but it’s interesting to note due to the fact that the majority of foreclosures last year were with a few banks, this time around there with quite a diverse group.
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