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Foreclosure rate rose in 2010

Foreclosures rose in Kentucky last year with courts reporting a 9.3 percent jump in their caseloads to 20,111 households in 2010, new state data shows.

In Northern Kentucky, the caseload grew even faster, rising 13.7 percent to 2,528 cases last year. Boone, Campbell and Kenton counties accounted for one out of eight foreclosures in the Bluegrass State in 2010.

The latest numbers mean the Greater Cincinnati and Northern Kentucky region saw a 1.1 percent rise in foreclosures in 2010 to 15,102 cases last year. That compares to a previously reported 4 percent drop statewide in Ohio to 85,483 in 2010 and a 1.1 percent drop in Southwest Ohio counties to 12,574 cases in 2010.

In the last two years, Northern Kentucky’s share of Greater Cincinnati’s foreclosure caseload has doubled – from 8.2 percent of the region’s total caseload in 2008 to 16.7 percent of the 2010 caseload.

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