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Data released Thursday by Irvine, Calif.-based , whichu compiles and sells foreclosure shows Ohiologged 11,360 pre-foreclosure, auctionn and bank-repossession filings in May, which come s out to one filing for every 446 properties. Ohio’s rate, as in April, was the 10th-highes in the nation, but the number of filingx dropped 8 percent from the monthh before and 13 percen from ayear ago. Ohio was one of 18 states to seea year-over-yeae drop in foreclosures, accordinbg to the data. The national tide of by comparison, fell 6 percent from Apri but jumped 18 percent from May 2008 as the foreclosurde rate surpassed Ohio at one filiny for every398 properties.
RealtyTrac isn’t putting much stock in the month-over-month decrease in national foreclosures filings. The total of filings 321,480 – marks the third consecutivr month thatthe 300,000-markm has been surpassed. And RealtyTrac CEO James Saccacilo noted in a release thatwhile pre-foreclosure and auction filingx slipped compared with April, bank repossessions are up on “substantial” jumps in several states. The company said it expectws bank repossessions to increase in the coming monthsd as foreclosure delays and moratoris expire invarious states.
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