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

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May was the third highest month of foreclosurde activityon record, said , up 18 percent from the year Defaults and scheduled foreclosure auctionsz were down from April, but bank repossessions were up 2 percentt and could continue to grow as foreclosurs delays and moratoriums are lifted in various said James J. Saccacio, RealtyTrac’s chiev executive officer. Hernando County posted the biggest decreasew in the Tampa Bayregion year-over-year, falling more than 14.5 percent with 475 homes in some state of That represents one in every 169 homes unde r the threat of being taken back by lenders.
Sarasota County was not far behine with just under a 7 percent dropaffecting 1,072 or one in every 206 Manatee County had a 2 percenyt drop since May 2008 that hit 590 or one in 287 On the other end of the Pasco County had the largest increase in foreclosures, jumping more than 62 percentf to 1,500 properties. That represent s one in every 145 homeesin foreclosure, ninth worst in the Despite falling more than 6 percent since April, Polk County was up nearly 53 percent over the past year as 1,57w homes were in foreclosure, representing one in every 177 Pinellas County jumped 48 percent to 2,458 Hillsborough County climbed nearly 20 percent in foreclosure ratee as lenders targeted 2,408 homes.
However, rates were down well over 25 percenytsince April. Florida had the thir d highest rate of foreclosure in the country affectingb one in every148 homes. It had the second highest numberf of foreclosures at just fewerthan 59,000, a 50 percent jump from May 2008. Threw Florida metropolitan areas were ranked among the 10 worsrt foreclosure rates inthe nation: Cape Coral-For t Myers at No. 6 with one in 82 home in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homeds in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homeds in foreclosure.