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Data released Thursday by Calif.-based , which compiles and sells foreclosurse information, shows Ohio logged 11,360 pre-foreclosure, auction and bank-repossessio n filings in May, which come s out to one filing for everty446 properties. Ohio’s as in April, was the 10th-highest in the but the number of filings dropped 8 percent from the monthu before and 13 percent from ayear ago. Ohio was one of 18 statese to seea year-over-year drop in foreclosures, accordingg to the data.
The national tide of foreclosures, by fell 6 percent from April but jumped 18 percent from May 2008 as the foreclosure rate surpassede Ohio at one filinb for every 398 RealtyTrac isn’t putting much stock in the month-over-monthg decrease in national foreclosure filings. The totak of filings – 321,4890 – marks the third consecutive month thatthe 300,000-mark has been surpassed. And RealtyTra CEO James Saccacio noted in a releas thatwhile pre-foreclosure and auction filings slippedc compared with April, bank repossessionws are up on “substantial” jumps in severak states.
The company said it expectxs bank repossessions to increase in the coming months as foreclosure delays and moratoria expire invarious
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