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Foreclosure filings drop; banks take back more homes

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By Tim Tresslar, Staff Writer 10:41 AM Thursday, September 10, 2009

Foreclosure activity in the Dayton area slowed down in August, while the number of homes taken back over by lenders grew during the month, according to a real estate tracking firm.

The four-county Dayton metropolitan statistical area recorded 837 foreclosure filings in August, compared to 1,076 during the same month a year ago, a 22 percent drop, according to Irvine, Calif.-based Realty Trac.

The figure includes RealtyTrac counts default notices, scheduled auctions and bank repossessions in Montgomery, Greene, Miami and Preble counties.

Of the four counties, only Miami County saw foreclosure filings climb. They jumped 55.6 percent to 70 filings, compared to 45 during the year-ago period, RealtyTrac said.

In Montgomery County, 663 filings were reported, compared to 891 filings during the year-ago month, a 25.6 percent decline. In Greene County, foreclosure filings fell to 82 in August, versus 112, a 26.8 percent drop. Foreclosure filings in Preble County slipped to 13 in August, compared to 28 during August 2008, down 21.4 percent.

In the meantime, homes taken back over by lenders jumped 16.4 percent to 224, compared with 195 in August 2008.

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