Authors: Sujata Shetty*, University of Toledo, Daniel J. Hammel, University of Toledo
Topics: Urban Geography, Urban and Regional Planning
Keywords: Homeownership, foreclosure process, Toledo, Lucas County, neighborhood change
Session Type: Paper
Start / End Time: 2:00 PM / 3:40 PM
Room: Bayside C, Sheraton, 4th Floor
Presentation File: No File Uploaded
Our previous research has shown that between 2004 and 2008, when the foreclosure crisis was playing out in full force in Ohio, about 60% of filings resulted in homeowners leaving their homes (Hammel and Shetty, 2013). These homeowners have proved difficult to reach but we have access to data from sources including the Clerk of Courts and the Auditor's Office that will allow us to track the ownership trajectories of the properties themselves. We take a random sample of homes that entered foreclosure between 2005 and 2009, then follow a legal "paper trail" to see whether they have new resident owners, absentee owners, been returned to banks, been abandoned, become tax delinquent, etc. In addition to analysis of secondary data, we conduct interviews with stakeholders involved in the foreclosure process in the county, including some homeowners forced to leave their homes, to get a better understanding of the context in which these changes have occurred. This research will contribute to our understanding of the processes under way in Toledo and Lucas County in the last several years, in terms of individual properties, and also perhaps, in terms of neighborhood impacts.