Foreclosure activity in the Toledo area and Ohio fell sharply in May from a year ago, according to a California company that tracks foreclosure filings such as default notices, scheduled auctions, and bank repossessions.
In May, the number of Toledo-area homes facing foreclosure dropped to 674 units, putting Toledo at 64th in foreclosure activity nationwide among 203 metro areas surveyed by RealtyTrac Inc. of Irvine, Calif. The 674 units were a decrease of 59 percent from a year ago when the Toledo area had 1,673 units in foreclosure.
Ohio was 10th highest among all states in foreclosure activity with 11,360 filings statewide. That was a decrease of 12 percent from a year ago, according to RealtyTrac.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.