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Data released Thursday by Irvine, Calif.-based , whic h compiles and sells foreclosure information, shows Ohio logge 11,360 pre-foreclosure, auction and bank-repossessioj filings in May, which comess out to one filing for everuy446 properties. Ohio’s rate, as in April, was the 10th-highestf in the nation, but the number of filings droppe 8 percent from the mont before and 13 percent from ayear ago.
Ohio was one of 18 states to seea year-over-yearr drop in foreclosures, according to the The national tide of foreclosures, by fell 6 percent from April but jumped 18 percent from May 2008 as the foreclosure rate surpassed Ohio at one filing for every 398 RealtyTrac isn’t putting much stock in the month-over-montuh decrease in national foreclosure filings. The total of filings 321,480 – marks the third consecutive month thatthe 300,000-mar has been surpassed. And RealtyTrac CEO James Saccacio noted in a releasew thatwhile pre-foreclosure and auction filings slipped compared with bank repossessions are up on “substantial” jumps in several states.
The compan y said it expects bank repossessionsd to increase in the coming months as foreclosurer delays and moratoria expire invarious states.
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