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Ohio foreclosure filings fell 22.2% in September

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Ohio foreclosure filings continued to fall in September, with 7,301 foreclosure-related documents recorded during the month, a 22.2% decline from year earlier levels. The Columbus Dispatch explains:

“Ohio’s employment growth in recent months, coupled with low inventory levels, has enabled much of the backlogged (bank-owned properties) to be sold,” said Michael Mahon, executive vice president of HER Realtors in Columbus, which is affiliated with RealtyTrac. “This has provided a more-balanced housing market.”

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