October 2007 Foreclosure Filings Up 94 Percent Over Last Year

LOS ANGELES (AP) - A mortgage research company says Ohio continued to have 1 of the highest foreclosure rates in the country last month.

RealtyTrac says Ohio reported one foreclosure filing for every 290 households. The state had more than 17,000 filings in October, up 136% from a year ago.

Only Nevada, California and Florida had higher filing rates.

Nationwide, foreclosure filings nearly doubled in October from the same month last year.

One alarming trend in October was an increase in the number of homes that were repossessed by lenders, a sign that more borrowers ended up losing their homes.

In Ohio, where 45% of all foreclosure filings during the month were notices of bank repossessions.