News

US foreclosures at 6-year low

COLUMBUS, Ohio – Ohio is still struggling with the sixth-highest foreclosure rate in the nation, it fell 23 percent last month and nationwide activity was fell to its lowest level in more than six years.

The California firm RealtyTrac says foreclosure starts were filed on 64,773 homes, a drop of 11 percent from December and a decrease of 28 percent from a year ago.

It also represents the lowest level since June 2006.

One in 612 Ohio homeowners received foreclosure notices last month.

The 558 foreclosures in Franklin County in January was 7 percent more that in December but was 14 percent fewer than January of 2012, according to the Franklin County Clerk of Courts website.

The state with the highest foreclosure rate is Florida, with a filing on one in every 300 homes.

Nevada was second, Illinois came in third place and Arizona and Georgia rounded out the top five.

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