Mount Vernon News
 
 

By Mount Vernon News
February 6, 2012 10:50 am EST

 

MOUNT VERNON — Knox County property and tax foreclosures in 2011 saw a decrease in numbers from 2010 and 2009, in keeping with the current Ohio trend. The Knox County Clerk of Courts Office reported 283 bank foreclosures in 2011 and 139 tax foreclosures. In 2010, these numbers stood at 363 and 140, and 2009 saw numbers of 330 and 123.

The State of Ohio reported 44,419 foreclosures for the first six months of 2011, a 26 percent drop from the same period in 2010 and a 30 percent drop from the final six months of that year, according to the Midyear 2011 Foreclosure Market Report released by RealtyTrac. Despite the dropoff from 2011, Ohio reported the 12th highest foreclosure rate nationally, with 0.87 percent of the state’s housing united receiving a foreclosure filing during this six-month period.

“Our target is to file 12 per month,” said local attorney Ken Lane, who is hired by the Knox County Prosecutor’s Office to handle the tax foreclosures for Knox County. “It’s hard to tell how many we normally get. There are cases where people haven’t paid taxes in seven, eight or nine years.”

Lane explained how many costs come into play in handling foreclosures locally. These include fees for a title search, filing fees, obtaining a lien on a property as well as advertising costs. “We try to keep our costs as low as possible,” he said. An exact amount of costs is hard to determine, said Lane.

All foreclosures in Knox County are initiated with the sheriff’s office. They can eventually be put up for a sheriff’s sale.

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