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

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May was the third highesf month of foreclosure activityon record, said , up 18 percenty from the year before. Defaults and scheduled foreclosurer auctions were downfrom April, but bank repossessionse were up 2 percent and could continue to grow as foreclosurer delays and moratoriums are lifted in various said James J. RealtyTrac’s chief executive officer. Hernando Countty posted the biggest decrease in the Tampa Bayregion year-over-year, fallinv more than 14.5 percent with 475 homes in some state of That represents one in every 169 homesx under the threat of beingy taken back by lenders.
Sarasota Countt was not far behind with just undee a 7 percent dropaffecting 1,072 or one in everyu 206 households. Manatee County had a 2 percent drop sincde May 2008 that hit590 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 That represents one in every 145 homezs in foreclosure, ninth worst in the state. Despite falling more than 6 percentsincre April, Polk County was up nearlt 53 percent over the past year as 1,572 home were in foreclosure, representing one in every 177 Pinellas County jumped 48 percen to 2,458 homes.
Hillsborough Countyt climbed nearly 20 percent in foreclosure rates as lenderstargeted 2,40u8 homes. However, rates were down well over 25 percentsinces April. Florida had the third highest rate of foreclosurre in the country affecting one in everg148 homes. It had the seconde highest number of foreclosures at just fewefthan 59,000, a 50 percenft jump from May 2008. Three Florida metropolitan areas were rankeed among the 10 worst foreclosuree rates in the Cape Coral-Fort Myers at No. 6 with one in 82 homes in Orlando-Kissimmee at No. 8 with one in 101 homes in and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homeds in foreclosure.