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Commercial properties and residential property foreclosures surged in Columbus last year. The metro area recorded the highest foreclosure rate in Ohio in 2010.

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The number of existing homes, including Fannie Mae foreclosed properties, sold in November 2010 declined in Central Ohio. Analysts attributed the decline to the expiration of the tax credit program.

The number of foreclosed properties in Ohio, including foreclosure tax lien sales, increased in 2010 from one year ago. However, numbers remained below the record-setting total reported in 2008.

Repossessed houses for sale and other for-sale dwellings remained low in some areas of Ohio last month. In Tuscarawas, for-sale houses returned to 2005 levels.

FSBO properties sellers and potential buyers are taking note of developments over the issue of transfer fees. A proposal to ban the fees was recently revised.

Government foreclosures and other types of residential properties in Ohio posted an increase in sales in January. Year-over-year rise in some areas was over 8%.

Tax foreclosure properties and bank foreclosures continue to weigh down home prices in Ohio. The state is also facing underwater mortgage problems of over 20%.

Foreclosure condos, foreclosed houses and non-foreclosed dwelling sales improved month-over-month in Ohio. February housing data showed a jump of almost 4%.