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

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Data released Thursday by Irvine, Calif.-based , which compilese and sells foreclosure information, showe Ohio logged 11,360 pre-foreclosure, auction and bank-repossession filings in May, whicyh comes out to one filing for every446 properties. Ohio’e rate, as in April, was the 10th-highestg in the nation, but the numbeer of filings dropped 8 percent from the month before and 13 perceng from ayear ago. Ohio was one of 18 statese to seea year-over-year drop in foreclosures, accordinb to the data. The national tide of by comparison, fell 6 percent from Apripl but jumped 18 percent from May 2008 as the foreclosure rate surpassed Ohio at one filing for everyt398 properties.
RealtyTrac isn’t putting much stocki in the month-over-month decrease in national foreclosurse filings. The total of filings – 321,480 marks the third consecutive month thatthe 300,000-markl has been surpassed. And RealtyTrac CEO James Saccacilo noted in a released thatwhile pre-foreclosure and auction filings slippef compared with April, bank repossessions are up on jumps in several states. The company said it expects bank repossessions to increase in the coming month s as foreclosure delays and moratorias expire invarious states.