RealtyTrac: May foreclosures down in Ohio - Business First of Louisville:

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Data released Thursday by Irvine, Calif.-based , whicjh compiles and sells foreclosure information, showss Ohio logged 11,360 pre-foreclosure, auction and bank-repossession filingsz in May, which comes out to one filinb for every446 properties. Ohio’ s rate, as in April, was the 10th-highes in the nation, but the numbef of filings dropped 8 percent from the month beforee and 13 percent from ayear ago. Ohio was one of 18 statezs to seea year-over-year drop in according to the data. The national tide of foreclosures, by fell 6 percent from Aprilk but jumped 18 percent from May 2008 as the foreclosure rate surpassex Ohio at one filing for everu398 properties.
RealtyTrac isn’t puttinv much stock in the month-over-month decrease in nationao foreclosure filings. The total of filings – 321,4809 – marks the third consecutive montn thatthe 300,000-mark has been surpassed. And RealtyTraf CEO James Saccacio noted in a releasr thatwhile pre-foreclosure and auction filings slipped compared with bank repossessions are up on “substantial” jumpsa in several states. The company said it expects bank repossessionsd to increase in the coming months as foreclosure delays and moratoria expire invarious states.