Foreclosure filings jump nearly 31 percent

Foreclosure filings in the Dayton area jumped nearly 31 percent during the first quarter of this year, with the gains driven primarily by Miami and Montgomery counties.

In March, though, filings against properties in the four-county Dayton Metropolitan Statistical Area fell nearly two percent, according to RealtyTrac, an Irvine, Calif.-based firm.

The number of homes seized by banks in the first quarter jumped 52 percent, with the accelerated pace of repossessions matching a national trend, according to RealtyTrac. In March, bank repossessions stayed nearly flat, however.

Default notices, scheduled auctions and bank repossessions filed in all four counties reached 2,999 during the recent quarter compared with 2,92 filings in first quarter 2009, RealtyTrac said.

In Montgomery County, first-quarter filings reached 2,391 versus 1,730 during the same period last year, a 38.2 percent increase.

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On a percentage basis, Miami County saw the biggest hike in foreclosures. Filings reached 268 during the quarter, compared with 176 during the year-ago period, a 52.6 percent increase.

Filings in Preble and Greene counties fell 3.2 percent and 14.68 percent respectively during the quarter, the Irvine, Calif.-based company reported.

Statewide foreclosures, grew by 5.15 percent during first quarter 2010.

The largest hikes in bank repossessions were reported in Montgomery and Miami counties, according to RealtyTrac’s figures. In Montgomery County, lenders repossessed 763 properties during the quarter, while a year ago 477 properties were taken back. In Miami County, repossessions reached 141 during the first three months of the year, while a year ago the figure was 81, a 74 percent hike.

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