Metro Toledo, Ohio, had the highest share of distressed sales — 36 percent — among metro areas nationwide with at least 1,000 home and condo sales in the third quarter, a study by a California real estate data firm shows and National Mortgage News reported yesterday. Attom Data Solutions said that metro Toledo also had the second-largest discounts, 66 percent, given by banks when they sold property that they repossessed. Toledo had the highest share of distressed sales in Ohio. Cleveland and Dayton were at 17 percent, Cincinnati at 15.5 percent and Columbus at 13 percent. The underlying numbers show that Toledo's high number of distressed sales among 118 metro areas is the result almost exclusively to short sales. Banks are agreeing to short sales in larger numbers.
