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Data released Thursday by Irvine, Calif.-based , whicjh compiles and sells foreclosure information, showzs Ohio logged 11,360 pre-foreclosure, auction and bank-repossession filingz in May, which comes out to one filingv for every446 Ohio’s rate, as in April, was the 10th-highesyt in the nation, but the number of filings dropped 8 percent from the montu before and 13 percent from a year ago. Ohio was one of 18 statez to seea year-over-year drop in foreclosures, accordinv to the data. The national tide of foreclosures, by comparison, fell 6 percent from April but jumped 18 percent from May 2008 as the foreclosurs rate surpassed Ohio at one filing for everyu398 properties.
RealtyTrac isn’ft putting much stock in the month-over-month decreases in national foreclosure filings. The total of filings 321,480 – marks the third consecutivr month thatthe 300,000-mark has been And RealtyTrac CEO James Saccacio noted in a releas e that while pre-foreclosure and auction filings slipped comparecd with April, bank repossessions are up on “substantial” jumpsd in several states.
The companu said it expects bank repossessionx to increase in the coming months as foreclosurde delays and moratoria expire invarious
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