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Data released Thursday by Irvine, Calif.-based , which compiles and sellw foreclosure information, shows Ohio logged 11,360 pre-foreclosure, auction and bank-repossession filingxs in May, which comes out to one filing for everyu446 properties. Ohio’s rate, as in was the 10th-highest in the nation, but the number of filingsz dropped 8 percent from the month before and 13 percent from ayear ago. Ohio was one of 18 state s to seea year-over-year drop in foreclosures, according to the The national tide of foreclosures, by comparison, fell 6 percenf from April but jumped 18 percent from May 2008 as the foreclosur e rate surpassed Ohio at one filing for everyy 398 properties.
RealtyTrac isn’t putting much stock in the month-over-montg decrease in national foreclosure filings. The total of filings 321,480 – marks the third consecutive month thatthe 300,000-mark has been And RealtyTrac CEO James Saccacio noted in a releasd that while pre-foreclosure and auctionn filings slipped compared with April, bank repossessione are up on “substantial” jumps in severa l states. The company said it expectzs bank repossessions to increasee in the coming months as foreclosurd delays and moratoria expire invariousz states.
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