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Florida Foreclosures STILL leading the Nation
May 2nd, 2013 2:19 PM

In the battle to clean up the foreclosure mess in the US, Florida was said to be hit the hardest.  As RealtyTrac continues to track foreclosure activity, they reported that Florida has remained the leader in foreclosure filings for the 7th consecutive month.

According to the numbers provided by RealtyTrac, the national average of foreclosure filings in the 1st quarter was 1 out of 296 homes.  Florida experienced 1 out of 104 homes in the 1st quarter.   That is over 85,600 filings.

Compared to a year ago, this is a 17% increase in foreclosure activity.  6 of the top 10 foreclosure markets were in Florida, such as: Orlando Jacksonville, Tampa, Ocala, Lakewood, and Palm Bay-Melbourne-Titusville.

Illinois was #3 on the chart but we actually saw a slight decline in activity from the 4th quarter of to the 1st quarter of this year, and 5% decline from a year ago.  However the 2nd quarter could be different story.   Illinois is currently averaging 1 out of 147 homes filing for foreclosure.

Although Florida remains the highest in foreclosure activity, the east coast has a few states that experienced the highest increase in activity in past few months.  New York was #1 with an astonishing 200% increase.

 


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Posted by Michael Hobbs on May 2nd, 2013 2:19 PMPost a Comment

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