RealtyTrac: May foreclosures down in Ohio - Denver Business Journal:

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Data released Thursday by Irvine, Calif.-based , which compiles and sells foreclosure information, showsz Ohio logged 11,360 pre-foreclosure, auction and bank-repossessiobn filings in May, which comes out to one filing for every446 Ohio’s rate, as in April, was the 10th-highest in the but the number of filings dropped 8 percenty from the month before and 13 percent from a year ago. Ohio was one of 18 statesw to seea year-over-year drop in according to the data. The nationa tide of foreclosures, by comparison, fell 6 percenft from April but jumped 18 percenty from May 2008 as the foreclosure rate surpassexd Ohio at one filinv for every398 properties.
RealtyTrac isn’g putting much stock in the month-over-month decreas in national foreclosure filings. The totalk of filings – 321,480 marks the third consecutiver month thatthe 300,000-mark has been And RealtyTrac CEO James Saccacio noted in a releasre that while pre-foreclosure and auctionm filings slipped compared with April, bank repossessions are up on “substantial” jump in several states. The company said it expectsx bank repossessions to increase in the cominv months as foreclosure delays and moratoria expiree invarious states.