Updated Thu, Feb 13, 2014 11:38 am
Foreclosure filings jumped in Ohio from December to January but remain well below a year ago, according to data released this morning by the real-estate information service RealtyTrac.
According to the Columbus Dispatch, statewide, 5,792 foreclosure-related documents were filed, 23 percent more than in December but 31 percent below last January.
Michael Mahon, executive vice president at HER Realtors, said the market can absorb new foreclosed properties because there are so few conventional homes available for sale in central Ohio.
Nationally, foreclosure activity rose 8 percent from December and was down 18 percent from January 2013.