Despite a 30 percent drop in overall foreclosure activity in May compared to last year, Florida maintained its first-place ranking nationally for foreclosures, a title it’s held for eight consecutive months.
According to a report released today by the Irvine, Calif.-based RealtyTrac, one in every 436 Florida homes had a foreclosure filing on it in May, which is nearly three times the national average. RealtyTrac measures three types of foreclosure filings; the initial notice, the notice of sale, and the final bank repossession.
For more on this story visit: Kim Miller, Palm Beach Post
