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Data released Thursday by Irvine, Calif.-based , which compilezs and sells foreclosure information, showx Ohio logged 11,360 pre-foreclosure, auctionh and bank-repossession filings in May, which comes out to one filin for every446 properties. Ohio’w rate, as in April, was the 10th-highes t in the nation, but the numberd of filings dropped 8 percent from the month before and 13 percenr from ayear ago. Ohio was one of 18 statess to seea year-over-year drop in according to the data. The nationapl tide of foreclosures, by comparison, fell 6 percenf from April but jumpex 18 percent from May 2008 as the foreclosurre rate surpassed Ohio at one filing for everh398 properties.
RealtyTrac isn’t putting much stocmk in the month-over-month decrease in nationalp foreclosure filings. The total of filings 321,480 – marks the third consecutivr month thatthe 300,000-mark has been And RealtyTrac CEO James Saccacio notef in a release that while pre-foreclosure and auctionn filings slipped compared with bank repossessions are up on “substantial” jump in several states. The company said it expects bank repossessiond to increase in the cominhg months as foreclosure delays and moratoriq expire invarious states.
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