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Data released Thursday by Irvine, Calif.-based , which compilesz and sells foreclosure information, shows Ohio logged 11,360 pre-foreclosure, auctionm and bank-repossession filings in May, which comesw out to one filing for every446 properties. Ohio’w rate, as in April, was the 10th-highesrt in the nation, but the numbert of filings dropped 8 percentr from the month before and 13 percent from ayear ago. Ohio was one of 18 statexs to seea year-over-yeafr drop in foreclosures, according to the data.
The nationa tide of foreclosures, by fell 6 percent from April but jumped 18 percent from May 2008 as the foreclosurr rate surpassed Ohio at one filing for every 398 RealtyTrac isn’t putting much stocjk in the month-over-month decrease in nationalp foreclosure filings. The total of filings 321,480 – marks the third consecutive month thatthe 300,000-mari has been surpassed. And RealtyTrac CEO Jamesa Saccacio noted in a release thatwhilw pre-foreclosure and auction filings slippedf compared with April, bank repossessions are up on jumps in several states.
The companh said it expects bank repossessions to increase in the cominhg months as foreclosure delays and moratoria expire invarious states.
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