Increasing Foreclosure Numbers Compelling Fairfield City
Photo by Visualpanic
Increasing foreclosure numbers are compelling FairfieldCity, (Ohio) authorities to see to the maintenance of neglected housing units. Although in 2010 the numbers in Fairfield were less than the averages of the state and county, nevertheless there was a spike from 2009.
Last year there were 195 foreclosures in Fairfield – an increase from the 168 from this past 2009. Thankfully, it is less than the 218 foreclosures from 2008. The information was given by the director of Development Services, Tim Bachman, during a briefing of council managers.
In December 2010, one out of every 883 houses were in foreclosure. It was lower than the foreclosure rate of Butler County, which calculated to one out of every 675 units. In Ohio State, the average rate was one out of every 483 houses. In Nevada, the rate was the highest with one of 84 houses in foreclosure.
Bachman said that the number of foreclosures had dropped in 2009. The council interpreted it as a change in a dangerous trend. But in 2010, things became worse. Bachman, however, put the blame on the job scenario. Bachman said, “Think about the sub-division you live in…one in 84”.
The increase in foreclosures means an increase in workload for the city’s authorities; they have to maintain the vacant estates. In 2008, the number was 100, which dropped to 70 empty houses in 2009. But in 2010 it jumped up to more than 80 vacant homes. Out of this 80, new empty buildings numbered 50 – the others had been vacant from before. Bachman said, “The good news – 2008 was the worst year. The number of new vacant properties for us to maintain is going down”.
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