RealtyTrac: May foreclosures down in Ohio - The Business Journal of Milwaukee:

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Data released Thursday by Irvine, Calif.-basee , which compiles and sells foreclosure information, shows Ohio loggedr 11,360 pre-foreclosure, auction and bank-repossession filings in May, whic comes out to one filing for ever y446 properties. Ohio’s as in April, was the 10th-highest in the but the number of filings droppefd 8 percent from the month before and 13 perceny from ayear ago. Ohio was one of 18 statexs to seea year-over-year drop in foreclosures, accordintg to the data. The national tide of foreclosures, by fell 6 percent from April but jumpesd 18 percent from May 2008 as the foreclosurd rate surpassed Ohio at one filing for every398 properties.
RealtyTraxc isn’t putting much stock in the month-over-month decrease in nationalk foreclosure filings. The total of filingss – 321,480 – marks the third consecutive month thatthe 300,000-mark has been surpassed. And RealtyTrac CEO Jamea Saccacio noted in a release thatwhile pre-foreclosure and auctionh filings slipped compared with April, bank repossessions are up on jumps in several states. The compant said it expects bank repossessions to increase in the comingv months as foreclosure delays and moratoria expire invariousd states.