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RealtyTrac Reports Falling Foreclosure Rates

bizjournals.com | July 21, 2014

By Brian R. Ball

The RealtyTrac real estate market data analysis firm has released a massive amount of foreclosure statistics in a mid-year report showing a general downward trend in sour loans in or headed toward foreclosure.

The California-based firm had 613,874 U.S. homes with foreclosures filing in the first half of 2014, a 23 percent decline when compared with the first half of 2013.

Ohio also saw the same percentage decline, with the number of homes at some point of foreclosure during the first half of 2014 falling to 35,471 homes from 49,400 homes during the first six months of 2013.

RealtyTrac reported national foreclosure activity has fallen to levels not reported since before the August 2006 housing bubble burst ahead of the Great Recession that started 15 months later.

I had RealtyTrac spokeswoman Jennifer von Pohlmann run numbers just for the Columbus MSA. That search found 11,442 homes with foreclosures in the eight counties they count versus 16,190 during the first half of 2013. That marks a 29.3 percent decline.

In its official release, RealtyTrac published an Ohio county map online for June showing 1 in every 742 Ohio homes fell into foreclosure, with Franklin County (1 in 736) and Licking County (1 in 744) straddling that average.

Pickaway (1 in 1,115), Delaware (1 in 896) and Fairfield (1 in 861) had rates well below the statewide average.

 

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CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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