Foreclosures Filed in Cuyahoga County in 2008: 14,041
2007 Foreclosures: 14,050 Cuyahoga County
2006 Foreclosures: 14,078 Cuyahoga County
While foreclosures do not lead directly to homelessness, they do cause an instability in the housing market. There are a sizeable percentage (35%) of the foreclosures that involve renters who become the innocent victim of a foreclosure, according to Policy Matters Ohio. These are households who are renting from a landlord who faces financial hardships, and the mortgage company forecloses on the owner. This often catches the tenant off-guard and usually forces a relocation with very little advance notice.