OHIO FORECLOSURES INCREASE 3 PERCENT IN APRIL

Market Activity Up 58 Percent From a Year Ago

Cuyahoga County Posts State’s Highest Foreclosure Rate

 

IRVINE, Calif. – May 31, 2006 – Ohio reported 4,860 properties entering some stage of foreclosure in April, a 3 percent increase from the previous month and a 58 percent increase from the 3,080 foreclosures reported in April 2005, according to RealtyTrac’s April 2006 U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure and foreclosure properties, with more than 600,000 properties from more than 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate, AOL Real Estate and Knight Ridder Online.

 

“The rising number of foreclosures reported in Ohio reflect the tough economic conditions in this state,” said James J. Saccacio, chief executive officer of RealtyTrac. “Those conditions have continued to slump and reported household finances are below the national average.”

 

With one foreclosure filing for every 984 households (1.3 times the national average), Ohio‘s foreclosure rate ranked 12th highest among the 50 states and the District of Columbia. Overall, the state total accounted for 5.3 percent of the nation’s foreclosures, with six states reporting more foreclosures for the month.

 

Reporting 1,354 properties entering some stage of foreclosure, Cuyahoga County accounted for the largest share of the state’s foreclosure filings in April. The county’s foreclosure rate of one foreclosure filing for every 456 households was the highest in the state and more than twice both the state and national averages.

 

Nationwide a total of 91,168 properties entered some stage of foreclosure in April, a 10 percent decrease from the previous month but a 33 percent year-over-year increase from April 2005. This marked the second straight month of decreasing U.S. foreclosure activity. At one foreclosure filing for every 1,268 households, the national foreclosure rate for April was higher than for any month in 2005.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of homes in some stage of foreclosure nationwide, by state and by county. RealtyTrac’s report includes properties in all three phases of foreclosure: Pre-foreclosures — Notice of Default (NOD) and Lis Pendens (LIS); Foreclosures — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank).

 

                           Ohio Foreclosure Market By County — April 2006

 

County Name

NOD

NTS

NFS

LIS

REO

Total

1 in every #households

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

U.S.

21,244

38,238

2,833

9,071

19,782

91,168

1,268

Ohio

113

2,323

0

0

2,424

4,860

984

1.29

 

 

 

 

 

 

 

 

 

 

Adams

0

0

0

0

1

1

11,822

0.11

0.08

Allen

2

1

0

0

6

9

4,916

0.26

0.20

Ashland

0

0

0

0

7

7

2,976

0.43

0.33

Ashtabula

0

37

0

0

11

48

912

1.39

1.08

Athens

0

1

0

0

1

2

12,451

0.10

0.08

Auglaize

1

9

0

0

2

12

1,540

0.82

0.64

Belmont

0

0

0

0

4

4

7,809

0.16

0.13

Brown

1

3

0

0

16

20

860

1.48

1.14

Butler

1

6

0

0

98

105

1,236

1.03

0.80

Carroll

0

1

0

0

0

1

13,016

0.10

0.08

Champaign

0

0

0

0

10

10

1,589

0.80

0.62

Clark

3

1

0

0

85

89

686

1.85

1.43

Clermont

0

76

0

0

29

105

659

1.92

1.49

Clinton

1

0

0

0

5

6

2,763

0.46

0.36

Columbiana

1

1

0

0

17

19

2,425

0.52

0.41

Coshocton

0

0

0

0

5

5

3,221

0.39

0.31

Crawford

0

0

0

0

4

4

5,295

0.24

0.19

Cuyahoga

28

726

0

0

600

1,354

456

2.78

2.16

Darke

0

3

0

0

1

4

5,396

0.24

0.18

Delaware

0

4

0

0

23

27

1,569

0.81

0.63

Erie

0

1

0

0

4

5

7,000

0.18

0.14

Fairfield

0

1

0

0

33

34

1,412

0.90

0.70

Fayette

0

1

0

0

1

2

5,952

0.21

0.17

Franklin

16

128

0

0

351

495

952

1.33

1.03

Fulton

0

1

0

0

5

6

2,705

0.47

0.36

Gallia

0

0

0

0

2

2

6,749

0.19

0.15

Geauga

0

0

0

0

6

6

5,468

0.23

0.18

Greene

0

51

0

0

20

71

820

1.55

1.20

Guernsey

0

0

0

0

2

2

9,386

0.14

0.10

Hamilton

10

144

0

0

59

213

1,753

0.72

0.56

Hancock

1

0

0

0

9

10

2,979

0.43

0.33

Hardin

0

1

0

0

1

2

6,454

0.20

0.15

Harrison

0

0

0

0

1

1

7,680

0.17

0.13

Henry

0

1

0

0

1

2

5,817

0.22

0.17

Highland

0

16

0

0

17

33

533

2.38

1.85

Hocking

0

0

0

0

2

2

6,071

0.21

0.16

Holmes

0

1

0

0

0

1

12,280

0.10

0.08

Huron

1

2

0

0

3

6

3,932

0.32

0.25

Jefferson

1

0

0

0

1

2

16,601

0.08

0.06

Knox

1

0

0

0

1

2

10,897

0.12

0.09

Lake

1

2

0

0

34

37

2,527

0.50

0.39

Lawrence

2

0

0

0

5

7

3,884

0.33

0.25

Licking

0

6

0

0

37

43

1,367

0.93

0.72

Logan

0

0

0

0

8

8

2,696

0.47

0.36

Lorain

5

120

0

0

94

219

509

2.49

1.94

Lucas

2

270

0

0

84

356

551

2.30

1.79

Madison

0

7

0

0

16

23

623

2.03

1.58

Mahoning

3

6

0

0

80

89

1,256

1.01

0.78

Marion

0

2

0

0

43

45

582

2.18

1.69

Medina

0

1

0

0

12

13

4,369

0.29

0.23

Meigs

0

0

0

0

3

3

3,594

0.35

0.27

Mercer

0

1

0

0

0

1

15,875

0.08

0.06

Miami

1

1

0

0

3

5

8,111

0.16

0.12

Montgomery

5

178

0

0

35

218

1,140

1.11

0.86

Muskingum

1

0

0

0

23

24

1,465

0.87

0.67

Ottawa

0

11

0

0

2

13

1,964

0.65

0.50

Paulding

0

1

0

0

1

2

4,239

0.30

0.23

Perry

0

1

0

0

1

2

6,828

0.19

0.14

Pickaway

0

0

0

0

9

9

2,066

0.61

0.48

Pike

0

1

0

0

3

4

2,901

0.44

0.34

Portage

0

67

0

0

32

99

607

2.09

1.62

Preble

0

1

0

0

2

3

5,729

0.22

0.17

Putnam

0

0

0

0

2

2

6,377

0.20

0.15

Richland

3

0

0

0

43

46

1,154

1.10

0.85

Ross

0

1

0

0

18

19

1,551

0.82

0.63

Sandusky

0

1

0

0

20

21

1,203

1.05

0.82

Scioto

2

1

0

0

3

6

5,676

0.22

0.17

Shelby

1

12

0

0

0

13

1,437

0.88

0.68

Stark

2

168

0

0

80

250

628

2.02

1.57

Summit

8

171

0

0

152

331

698

1.82

1.41

Trumbull

7

4

0

0

74

85

1,119

1.13

0.88

Tuscarawas

0

1

0

0

8

9

4,235

0.30

0.23

Union

1

0

0

0

4

5

3,043

0.42

0.32

Van Wert

0

11

0

0

4

15

824

1.54

1.19

Warren

1

2

0

0

29

32

1,834

0.69

0.54

Washington

0

5

0

0

4

9

3,084

0.41

0.32

Wayne

0

52

0

0

0

52

814

1.56

1.21

Williams

0

1

0

0

0

1

16,140

0.08

0.06

Wood

0

0

0

0

10

10

4,747

0.27

0.21

Wyandot

0

0

0

0

2

2

4,662

0.27

0.21

 

 

About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, RealtyTrac Inc. (www.realtytrac.com), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value. Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new construction properties, with more than 1 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to AOL Real Estate, MSN Real Estate and Yahoo! Real Estate. For more information, visit www.realtytrac.com.

 

###

 

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

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