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
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.