Florida Tops The U.S. For May Foreclosures

When it comes to distressed properties, Florida is still in trouble.

Florida has jumped to No. 1 from the second spot on the list of states with the highest foreclosure activity, according to the latest data from RealtyTrac, which tracks foreclosure filings that include default notices, auctions and bank repossessions.

The data firm shows that one out of every 302 Florida houses had a foreclosure filing during May, nearly three times the national average.

Nationally, one in every 885 housing units had a foreclosure filing during the month, an uptick of 2 percent from April. But that is still down 28 percent from a year earlier, thanks to rising home prices.

Those who live in the Naples/Marco Island area, which encompasses all of Collier County in the firm’s database, are doing better than those in the Cape Coral/Fort Myers area, which includes all of Lee County. And both are in better shape than Miami, Jacksonville and Tampa, which top the list, RealtyTrac said.

Read more on this story at naplesnews.com

SHARE
News Talk Florida Staff