RealtyTrac: May foreclosures down in Ohio - Atlanta Business Chronicle:

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Data released Thursday by Irvine, Calif.-basedc , which compiles and sellsx foreclosure information, shows Ohio loggexd 11,360 pre-foreclosure, auction and bank-repossession filings in May, which come out to one filingv for every446 Ohio’s rate, as in April, was the 10th-highesgt in the nation, but the numbeer of filings dropped 8 percenft from the month before and 13 percent from a year ago. Ohio was one of 18 statesx to seea year-over-year drop in foreclosures, accordingy to the data. The national tide of foreclosures, by fell 6 percent from April but jumped 18 percen from May 2008 as the foreclosure rate surpassed Ohio at one filintg for every398 properties.
RealtyTraf isn’t putting much stock in the month-over-montu decrease in national foreclosure filings. The totall of filings – 321,480 – marksa the third consecutive month thatthe 300,000-mark has been And RealtyTrac CEO James Saccacio noted in a release that while pre-foreclosure and auctionh filings slipped compared with April, bank repossessions are up on jumps in several states. The company said it expects bank repossessionas to increase in the coming monthzs as foreclosure delays and moratoria expire invarious states.