Other counties in the Dayton metro area saw foreclosure filings rise in March from the same month a year ago. There were 140 filings of some kind made in Greene County, 42 in Miami and 24 in Preble, according to RealtyTrac.
Still, the steep decline in Montgomery County helped the entire Dayton metro area realize year-over-year declines for the entire first quarter. A total 1,475 properties in the four counties received some kind of filing during the three-month period, a 27 percent decline from the first quarter of 2011, according to RealtyTrac. Filings were down about 18 percent from the fourth quarter of 2011.
But RealtyTrac warned the foreclosure crisis isn’t over.
“We’re kind of in the eye of the storm right now and we really have been for the past year and a half. But we have seen evidence that there’s more foreclosures coming,” said RealtyTrac spokesman Daren Blomquist.
Florida, Indiana and Pennsylvania, for example, saw big increases in first quarter foreclosure activity, Blomquist said. Ohio has seen an increase to an average 535 days to process foreclosures and states with processing delays tend to have a backlog, he said.
“I would expect it to be hitting in Dayton and Ohio overall in the coming months,” he said.
One in every 230 U.S. homes had a foreclosure filing during the first quarter, the lowest level since the fourth quarter of 2007, RealtyTrac said.
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