Joe Jackson

During the month of October 11,646 foreclosure notices were filed in Ohio according to RealtyTrac, a California-based foreclosure service. It looks like Ohio might be heading into another round of foreclosures after these figures were released. There has been an increase in lawsuits filed by lenders against homeowners. The 4,628 suits filed are also included in the number. This is 16% more then in September. The number of loans 90 days delinquent has not been declining so it looks like we still cannot see the light at the end of the tunnel. The 90 day delinquent loan numbers have been increasing since the middle of 2008 even though the Nationwide trends in foreclosures fell 3% in September and October.

The mortgage industry is still struggling to manage as foreclosures remain at a near record high. California and Florida consumed 41% of the nation's foreclosures in October. Illinois and Michigan followed with Arizona and Nevada close behind. The government has had to push many lenders to participate in the Obama administration's loan modification plan. Over 650,000 borrowers signed up for temporary plans, but since the start of September, only 1,700 modifications have been made permanent.

OCTOBER 2009 AVERAGES

Homes Sold - 1414

Sold Price - $202,964

Price Per SqFt - $109.54

Days on the Market - 90

The average days on the market for October 2009 is 90 compared to October 2008 being 93.

The averages in pricing in October are affected by a high listing price of $1,950,000 with a high sale price of $42,310,798!!! Now just imagine selling a home at $18,838.29 per sqft... WOW!!!

October 2009 Averages

Homes Sold - 48

Sold Price - $188,410

Price Per SqFt - $133.38

Days on the Market - 88

This is in comparison to the October 2008 stats being 41 homes sold with the average sold price of $205,503 and the days on the market being 90.

AARP and the American Medical Association are both supporting the health insurance reform bill that will soon come up to vote in the House of Representatives. AARP being composed of over 40-million strong seniors, this is no small endorsement.

President Barack Obama heralded these two major endorsements for his health insurance reform bill overhaul as House Democratic leaders pushed toward a vote Saturday on the far-reaching legislation remaking of the U.S. health-care system.