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Data released Thursday by Calif.-based , which compiles and sellsw foreclosure information, shows Ohio logged 11,360 pre-foreclosure, auctio n and bank-repossession filings in May, which comes out to one filinvg for every446 properties. Ohio’x rate, as in April, was the 10th-highes t in the nation, but the number of filingsd dropped 8 percent from the month before and 13 perceny from ayear ago. Ohio was one of 18 stated to seea year-over-year drop in foreclosures, according to the The national tide of foreclosures, by comparison, fell 6 percenyt from April but jumped 18 percent from May 2008 as the foreclosure rate surpassed Ohio at one filing for everyh 398 properties.
RealtyTrac isn’t putting much stock in the month-over-mont decrease in national foreclosure The total offilings – 321,480p – marks the third consecutive monthy that the 300,000-mark has been surpassed. And RealtyTracc CEO James Saccacio noted in a release thatwhile pre-foreclosure and auction filingsw slipped compared with April, bank repossessionsa are up on “substantial” jumps in several states. The company said it expects bank repossessions to increase in the comin months as foreclosure delays and moratoria expire invariouas states.
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