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

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May was the third highest month of foreclosure activitgyon record, said , up 18 percentr from the year before. Defaultxs and scheduled foreclosure auctions were down from but bank repossessions were up 2 percenr and could continue to grow as foreclosure delays and moratoriumds are lifted invarious states, said Jamesd J. Saccacio, RealtyTrac’s chief executiv e officer. Hernando County posted the biggestg decrease in the Tampa Bay region falling morethan 14.
5 percent with 475 homes in some state of That represents one in every 169 homes underr the threat of being taken back by Sarasota County was not far behind with just under a 7 percengt drop affecting 1,072 homes, or one in every 206 Manatee County had a 2 percent drop since May 2008 that hit 590 homes, or one in 287 On the other end of the Pasco County had the largest increase in jumping more than 62 percent to 1,500 properties.
That represents one in every 145 homeszin foreclosure, ninth worst in the Despite falling more than 6 percentr since April, Polk County was up nearlt 53 percent over the past year as 1,572 homes were in representing one in every 177 Pinellas County jumped 48 percent to 2,4578 homes. Hillsborough County climbed nearly 20 percent in foreclosure ratezs as lenderstargeted 2,408 homes. However, rates were down well over 25 percentsince April. Florida had the third highesyt rate of foreclosure in the country affecting one in every148 homes. It had the second highest numbe r of foreclosures at just fewerthan 59,000, a 50 percenty jump from May 2008.
Three Florida metropolitanm areas were ranked among the 10 worst foreclosurw rates inthe nation: Cape Coral-Fort Myers at No. 6 with one in 82 homeds in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homes in and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homea in foreclosure.