inofiquxi.wordpress.com
Data released Thursday by Irvine, Calif.-based , whicg compiles and sells foreclosure information, shows Ohio loggede 11,360 pre-foreclosure, auction and bank-repossessiob filings in May, which comes out to one filing for every446 properties. Ohio’s rate, as in April, was the 10th-highest in the nation, but the number of filings droppedf 8 percent from the month befor and 13 percent from ayear ago. Ohio was one of 18 statesa to seea year-over-year drop in foreclosures, accordintg to the data.
The national tide of foreclosures, by fell 6 percent from April but jumped 18 percent from May 2008 as the foreclosurer rate surpassed Ohio at one filing for every 398 RealtyTrac isn’t putting much stoco in the month-over-month decrease in nationa foreclosure filings. The totapl of filings – 321,480 marks the third consecutivse month thatthe 300,000-mark has been surpassed. And RealtyTra CEO James Saccacio noted in a releasre thatwhile pre-foreclosure and auction filings slipped compared with April, bank repossession s are up on “substantial” jumpw in several states.
The company said it expects bank repossessions to increaswe in the coming months as foreclosurde delays and moratoria expire invarious states.
No comments:
Post a Comment