Four people are dead in two separate accidents in Central Ohio. In Pataskala, investigators say a head-on collision on East Broad took three lives. One vehicle crossed the center line. Early this morning, the driver of a pick-up truck was killed when he slammed into a tree in a residential area south of Route 104 [...]
OSU Economist: The Potential for Owner-occupied Home Foreclosures is Being Exaggerated
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An Ohio State University economist says the potential for owner-occupied home foreclosures is being exaggerated. For four years, Randal Olsen and others have been tracking the financial conditions of more than 12,500 U.S. households.
Olsen says their study defined homeowners most at risk as those who were two months or more behind in their mortgage and had less than 20 percent equity in their house. In 2007-2008, the percentage of homeowners most at risk was 8.5, two and half times what it was just two years earlier.