Foreclosure filings for the first half of 2013 are down 30 percent in the Dayton metropolitan area, giving more support that the worst of the housing crisis has passed, based on case statistics from area clerks of court.
From January through the end of June, new foreclosures in Greene, Miami, Montgomery and Preble counties totaled 2,072, compared to 2,951 the same time period of 2012.
These are filings of initial complaints, or default notices, by lenders against delinquent mortgage payers. Figures also include tax foreclosures initiated by local governments.
For all of 2012, foreclosure cases filed in county courts reached 5,935 throughout Greene, Montgomery, Preble and Warren counties. At the height of the recession in 2008, the four counties filed 7,645 foreclosures, also according to statistics provided to Dayton Daily News.
Nationwide, foreclosure activity dropped in June to its lowest level since December 2006, according to a new report released today by RealtyTrac Inc. RealtyTrac, based in Irvine, Calif., counts foreclosure filings for default notices, scheduled auctions and bank repossessions.
However, Florida, Nevada, Illinois, Ohio and Georgia posted the top five foreclosure rates for the first six months of 2013, according to RealtyTrac.
Ohio foreclosure activity from January to June increased 2 percent from a year ago to one in every 104 houses receiving some kind of foreclosure filing. There were 49,400 Ohio properties with a foreclosure action against them in the last six months, or nearly 1 percent of a total 5.1 million homes in the state, according to RealtyTrac.
“Halfway through 2013 it is becoming increasingly evident that while foreclosures are no longer a problem nationally they continue to be a thorn in the side of several state and local markets, particularly where a backlog of delayed distress has built up thanks to a lengthy foreclosure process,” said Daren Blomquist, spokesman for RealtyTrac, in a statement.
By the numbers: Dayton metropolitan foreclosures
No. of default notices filed in local counties for mortgage and tax foreclosures
January to June 2013: 297
January to June 2012: 405
January to June 2013: 199
January to June 2012: 275
January to June 2013: 1,459
January to June 2012: 2,108
January to June 2013: 117
January to June 2012: 163