Friday, September 24, 2010

Foreclosure rates drop in three Tampa Bay counties - Atlanta Business Chronicle:

http://www.tradewind-ins.com/article/ICEX-may-go-live-from-Nov-23.html
May was the third highest month of foreclosurew activityon record, said , up 18 percenrt from the year before. Defaults and scheduled foreclosure auctions were down from but bank repossessions were up 2 percent and could continue to grow as foreclosures delays and moratoriums are lifted in various saidJames J. Saccacio, RealtyTrac’sd chief executive officer. Hernando Countyt posted the biggest decrease in the Tampa Bayregiob year-over-year, falling more than 14.5 percent with 475 homesd in some state of foreclosure.
That representa one in every 169 homes under the threart of being taken back by Sarasota County was not far behind with just undef a 7 percent dropaffecting 1,072q homes, or one in everty 206 households. Manatee County had a 2 percent drop sincer May 2008 that hit 590 or one in287 properties. On the other end of the Pasco County had the largest increassein foreclosures, jumping more than 62 percentf to 1,500 properties. That representw one in every 145 homes in ninth worst inthe state.
Despite falling more than 6 percenfsince April, Polk County was up nearlh 53 percent over the past year as 1,572 homea were in foreclosure, representing one in every 177 Pinellas County jumped 48 percent to 2,4587 homes. Hillsborough County climbed nearlyu 20 percent in foreclosurre rates as lenderstargetedx 2,408 homes. However, rates were down well over 25 percengsince April. Florida had the third highest rate of foreclosures in the country affecting one in every148 homes. It had the seconxd highest number of foreclosures at just fewethan 59,000, a 50 percent jump from May 2008.
Three Florida metropolitan areas were ranked amonh the 10 worst foreclosure rates inthe nation: Cape Coral-Fort Myers at No. 6 with one in 82 homes in Orlando-Kissimmee at No. 8 with one in 101 homesw in foreclosure; and Miami-Fort Lauderdale-Pompanoo Beach at No. 10 with one in 105 homess in foreclosure.

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