Worst Regions for Foreclosures includes South Florida

Refer South Florida Business Journal Aug 14, 2014

South Florida had one of the highest foreclosure rates in the nation in July, although lenders have eased off the flurry of filings from a year ago, according to RealtyTrac.

The tri-county area ranked fifth in the nation with one foreclosure filing for every 421 housing units. The leader was Ocala with one in 296, followed by Orlando at one in 357 and Palm Bay-Melbourne at one in 404.

Not surprisingly, Florida had the highest foreclosure rate in the nation in July.

RealtyTrac counts new lawsuits, judgments, and repossessions as foreclosure filings.

There were 5,853 foreclosure filings in South Florida in July, down 40 percent from a year ago. The annual declines were 49 percent in Broward County, 44 percent in Miami-Dade County and 24 percent in Palm Beach County.

Palm Beach had a higher foreclosure rate at one filing in 352 houses.

Carolyn Secor P.A. focuses its practice in the areas of Bankruptcy and Foreclosure Defense in Clearwater, Florida. For more information, go to our web site www.BankruptcyforTampa.com or call 727-254-1704.