Foreclosures dropped in Ohio during the month of January-- the opposite of the national trend.
RealtyTrac CEO Brandon Moore tells the Columbus Dispatch that filings could increase now that the nation's largest banks have agreed to new foreclosure guidelines.
Close to 8,200 foreclosure filings were reported in the state last month, down 5 percent from December.
The nation numbers tell a different story as foreclosures were up by 3 percent.
January foreclosures were up more than 30 percent in several states including Indiana and New Jersey.
Five states accounted for more than half of all foreclosure activity:
- California
- Florida
- Georgia
- Illinois
- Michigan
On the web: www.dispatch.com
