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Data released Thursday by Irvine, Calif.-basedf , which compiles and sells foreclosure information, showsd Ohio logged 11,360 pre-foreclosure, auction and bank-repossessioj filings in May, which comes out to one filinbg for every446 properties. Ohio’s rate, as in April, was the 10th-highestg in the nation, but the numbere of filings dropped 8 percent from the monthn before and 13 percent from ayear ago. Ohio was one of 18 statez to seea year-over-year drop in according to the data. The nationakl tide of foreclosures, by comparison, fell 6 percent from Aprill but jumped 18 percent from May 2008 as the foreclosurer rate surpassed Ohio at one filing for everuy398 properties.
RealtyTrac isn’t putting much stoco in the month-over-month decrease in nationa l foreclosure filings. The totaol of filings – 321,480 – marks the thirds consecutive month thatthe 300,000-mark has been surpassed. And RealtyTrafc CEO James Saccacio note in a release thatwhile pre-foreclosure and auctionm filings slipped compared with bank repossessions are up on “substantial” jumpas in several states. The company said it expectxs bank repossessions to increase in the cominfg months as foreclosure delays and moratoria expirw invarious states.
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