RealtyTrac included properties in default, scheduled for auction or taken back by the bank.
The number of distressed properties sold climbed in Greene, Miami, Montgomery and Preble counties, but fell in Warren County.
The number of distressed properties sold climbed in each of these counties, according to Irvine, Calif.-based RealtyTrac. But in neighboring Warren County, 123 distressed homes changed hands, versus 150 during the year-ago quarter, an 18-percent decline.
The results don’t reflect a temporary halt to foreclosures initiated in October by several national banks because of questions about their documentation procedures.While banks that had stopped foreclosures in October have since resumed them, James Saccacio, chief executive of RealtyTrac, said the issue could squeeze demand for foreclosure properties.
“A quick but responsible resolution to that issue would be ideal to help the market continue to properly clear out foreclosure inventory and get distressed properties into the hands of qualified buyers and investors who will likely add value to those properties and the neighborhoods they are in,” he said.
Statewide, foreclosures sold for an average discount of 45 percent, the highest percentage of all the states, RealtyTrac said. Homes in default or scheduled for auction on average were discounted 21 percent. Ohio homes that had been taken back by the lenders sold for an average discount of 51 percent, RealtyTrac said.
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