Fewer homeowners in the area had new foreclosure cases filed against them in August than the same month a year ago, based on statistics from area clerks of courts.
More than 70 cases were filed last month in Greene County, 44 in Miami County, 303 in Montgomery County, 29 in Preble County and 98 in Warren County, according to figures provided to the Dayton Daily News by officials with the respective clerks’ offices. That’s a total of 547 foreclosures for all five counties, compared to 632 August 2011, a more than 13 percent drop.
The filings are initial complaints by lenders against delinquent mortgage payers.
Foreclosure filings year-to-date are still higher than they were in the same eight-month period of 2011. So far this year, 534 total cases have been filed in Greene County, 355 in Miami, 2,710 in Montgomery and 211 in Preble. Only Warren County saw fewer foreclosures with 799 cases filed so far this year compared to 830 through August of last year, according to Clerk James Spaeth.
The first half of the year saw a spike in cases filed in May. For example, in Montgomery County, 396 cases were filed in May this year — the most of any month in two years — which at the time was attributed to the clearing of a backlog of bank foreclosure processing.
“It appears to have dropped the last three years, with 2011 and 2012 staying about the same,” said Jan Mottinger, Miami County clerk. “I think that a lot of banks are trying to work out the foreclosures where they are not caught with a lot of unwanted real estate on their hands. I also feel that most of the people who were in trouble are through the system.”
August foreclosure activity gave Ohio the seventh highest foreclosure rate in the country, according to a new monthly report released by RealtyTrac Thursday. More than 9,200 foreclosure-related filings were made, including default notices, scheduled auctions and bank repossessions, impacting one in every 556 homes in the state, said RealtyTrac, which tracks foreclosures nationwide.
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