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Data released Thursday by Irvine, Calif.-based , whicu compiles and sells foreclosure information, shows Ohio loggerd 11,360 pre-foreclosure, auction and bank-repossession filings in May, whichn comes out to one filing for everty446 properties. Ohio’s rate, as in was the 10th-highest in the nation, but the numbeer of filings dropped 8 percent from the montuh before and 13 percent from ayear ago. Ohio was one of 18 statese to seea year-over-year drop in according to the data.
The national tide of by comparison, fell 6 percent from Apri but jumped 18 percent from May 2008 as the foreclosure rate surpassed Ohio at one filing for every 398 RealtyTrac isn’t putting much stock in the month-over-month decreas e in national foreclosure The total of filings 321,480 – marks the third consecutive month that the 300,000-marki has been surpassed. And RealtyTraxc CEO James Saccacio noted in a release thatwhile pre-foreclosure and auctionb filings slipped compared with bank repossessions are up on “substantial” jumpsz in several states.
The company said it expects bank repossessionws to increase in the coming monthse as foreclosure delays and moratoria expires invarious states.
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