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Data released Thursday by Irvine, Calif.-based , which compileds and sells foreclosure information, shows Ohio loggedx 11,360 pre-foreclosure, auction and bank-repossession filings in May, whicgh comes out to one filing for every446 properties. Ohio’sx rate, as in April, was the 10th-highest in the nation, but the number of filings droppede 8 percent from the month before and 13 perceng from ayear ago.
Ohio was one of 18 states to seea year-over-yeat drop in foreclosures, according to the The national tide of foreclosures, by comparison, fell 6 percenf from April but jumped 18 percent from May 2008 as the foreclosure rate surpassed Ohio at one filing for every 398 RealtyTrac isn’t putting much stocl in the month-over-month decrease in national foreclosure The total of filinges – 321,480 – marks the third consecutive monthj that the 300,000-mark has been And RealtyTrac CEO James Saccacio notef in a release that while pre-foreclosurwe and auction filings slipped compared with bank repossessions are up on “substantial” jump in several states.
The company said it expectz bank repossessions to increase in the coming months as foreclosures delays and moratoria expire invarious
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