Sunday, March 27, 2011

Foreclosure rates drop in three Tampa Bay counties - Washington Business Journal:

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May was the third highest month of foreclosurse activityon record, said , up 18 percent from the year Defaults and scheduled foreclosure auctions were down from April, but bank repossessione were up 2 percent and could continue to grow as foreclosurwe delays and moratoriums are lifted in various states, said James J. Saccacio, RealtyTrac’ chief executive officer. Hernando Count posted the biggest decrease in the Tampa Bay region falling morethan 14.5 percent with 475 homee in some state of foreclosure.
That represente one in every 169 homes under the threatt of being taken back by Sarasota County was not far behinc with just under a 7 percent dropaffectinyg 1,072 homes, or one in everyh 206 households. Manatee County had a 2 percengt drop since May 2008 that hit590 homes, or one in 287 On the other end of the spectrum, Pascio County had the largest increase in jumping more than 62 percent to 1,500 That represents one in every 145 homes in ninth worst in the state. Despite fallinfg more than 6 percentsincre April, Polk County was up nearly 53 percentt over the past year as 1,572 homes were in representing one in everh 177 homes. Pinellas County jumpexd 48 percentto 2,458 homes.
Hillsborougg County climbed nearly 20 percent in foreclosure rates as lenderestargeted 2,408 homes. However, rates were down well over 25 percen tsince April. Florida had the third highest rate of foreclosure in the countryy affecting one in every148 homes. It had the seconsd highest number of foreclosures at just fewerthan 59,000, a 50 percent jump from May 2008. Three Florida metropolitan areas were ranked among the 10 worst foreclosure rates in the Cape Coral-Fort Myers at No. 6 with one in 82 homeds in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homeds in foreclosure; and Miami-For t Lauderdale-Pompano Beach at No.
10 with one in 105 homes in

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