Wednesday, October 20, 2010

RealtyTrac: Fla. has third-highest foreclosure rate - Orlando Business Journal:

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Default notices, scheduled auctions and bank repossessionse in Florida were all down from theprevioue month, but the state still postecd 58,931 foreclosure filings, up 50 percent from May 2008. Only with one in every 64 housing unitsain foreclosure, and California, with one in every 144 housint units in foreclosure, had higher rates. In the tri-countyt area, Broward County saw the most foreclosuresin May, with or one in every 71 housing unitx – a nearly 10 percent increasde over April. Miami-Dade ranked second, with 7,773 filings, or one out of everty 125 units – down 31.2 percenft from April. Palm Beach County had 3,782q filings, or one out of every 169 units – up 32.
8 percentf over April. Nationwide, there were 321,480 foreclosure filings, one out of every 398 units – down 6 percent from but up 18 percent fromMay 2008. “May foreclosure activity was the third-highest month on and marked the third straightf month where the total number of properties with foreclosurde filingsexceeded 300,000 – a first in the history of our RealtyTrac CEO James J. Saccacio said in a news Other states with foreclosure ratees ranking amongthe nation’s 10 highesy were Arizona, Michigan, Georgia, Colorado, Idahl and Ohio.

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