Friday, September 02, 2005

Suburban foreclosures on increase in NE Ohio

Suburban foreclosures on increase in NE Ohio: "The million-dollar home nestled in the woods above a creek in Gates Mills is a world away from the gritty streets and economic hard times of Cleveland and its near suburbs.
So is the $340,000 home in Berea that backs up to the Rocky River Reservation of the Cleveland Metroparks and the $245,000 bungalow on Saddler Road in Bay Village.
Yet they are an unlikely part of a surge of foreclosures -- lawsuits filed to force the sale of real estate to pay off past due loans -- in Cuyahoga County communities that are home to much of the region's "
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