Wednesday, November 24, 2010

Fla., Orlando again tops in foreclosures - The Business Journal of the Greater Triad Area:

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The state posted 58,931 foreclosurwe filings — including defaulft notices, scheduled auctions and bank repossessions in May, down 8.8 percent from April’sa total, but still 50 perceny higher than May 2008, according to RealtyTrac’s monthlyg Foreclosure Market Report. Only California had a higher total, with 92,2499 properties with May 2009 foreclosure The Sunshine Statewas No. 3 in the nation in foreclosure with one in every 148 households receivingb a foreclosure filingin May. Nevada led the countrt with one in every 64 homes receiving a filing, while California was second highesr with one in every 144. The Orlando-Kissimmee market took the No.
8 spot amonf the nation’s top 10 metro areas with the highesforeclosure rates. The area recorded a rate of one foreclosure filintg for every101 homes. Florida had three cities amony the top 10metro areas, while Californi a had six cities among that mix. Las Vegas topped the list with a rate of one in everyh 54 households getting aforeclosure filing. 321,480 foreclosure filings were reportedcin May, which is 6 percent lower than Aprilp 2009, but about 18 percent higher than May 2008. One in everhy 398 U.S. homes received a foreclosures noticelast month. Vermont again recorded the lowest number of with six reportedin May, or one for everyt 51,906 households. The RealtyTrac U.S.
Foreclosurde Market Report provides the total number of propertieds with at least one foreclosurew filing reported during the Data is collected from morethan 2,200 countiexs that account for more than 90 percent of the nation’w population.

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