Tuesday, Jul 26, 2016
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Real Estate

Toledo-area foreclosures decline 52%

4-county metro region records steep decline from July, 2012

Foreclosure activity in the four-county Toledo metro area declined 52 percent in July from a year earlier, according to the latest figures from RealtyTrac, a California-based real estate data firm.

It said 321 properties in Lucas, Wood, Fulton, and Ottawa counties in July were in some stage of foreclosure, including in default on a loan, in foreclosure, scheduled for a sheriff’s sale, or repossessed by the lender.

That equated to one distressed property for every 938 properties in the metro area, according to RealtyTrac. A year ago, 670 properties in the Toledo metro area were in some stage of foreclosure, the company said.

The July numbers for the metro area were down 30 percent from a month earlier. In June, 461 properties were in the foreclosure process, the data firm said.

For Ohio, RealtyTrac said that foreclosure activity in July was down nearly 18 percent from a year earlier with 8,010 properties in some stage of foreclosure. That equated to one for every 639 properties.

The state numbers, while down from a year earlier, were up 1 percent from June, the company added.

Nationwide, RealtyTrac said that foreclosure activity was down 32 percent in July from a year earlier, although it was up 2 percent from a month earlier.

Nearly 131,000 properties were in the foreclosure process across the nation during July, or one for every 1,001 properties in the United States.

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