In Ohio, the number of September foreclosure filings — including default notices, scheduled auctions or bank repossessions — fell in by 22 percent from August, and by 36 percent from September a year ago to 3,801.
On a quarterly basis, there were 293,190 U.S. properties with foreclosure filings in the quarter that ended in September, up 4 percent from the same three-month period a year ago, but down 10 percent from the same quarter a year ago. The most recent quarter was the fourth consecutive quarter in which foreclosure activity decreased on a year-over-year basis.
“Foreclosure activity has been on a steady slide downward over the past six years, finally dropping back below pre-crisis levels in September,” said Daren Blomquist, senior vice president at ATTOM Data Solutions — RealtyTrac’s parent. “While we know that the national foreclosure problem has been dying a long, slow death for quite some time, the final nail in the coffin of the foreclosure crisis is the year-over-year decrease in the average foreclosure timeline nationwide that we saw in THE (third quarter) 2016 — the first time that’s happened since we began tracking foreclosure timelines in THE (first quarter) 2007.”
About the Author