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

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May was the third highesf month of foreclosure activity on said , up 18 percent from the year before. Defaultw and scheduled foreclosure auctions were downfrom April, but bank repossessionx were up 2 percent and could continue to grow as foreclosure delaysa and moratoriums are lifted in various states, said James J. Saccacio, RealtyTrac’se chief executive officer. Hernando Countg posted the biggest decrease in the Tampa Bay region falling morethan 14.5 percent with 475 homezs in some state of foreclosure. That represents one in every 169 homes under the threat of being takenm backby lenders.
Sarasota Count was not far behind with just undetr a 7 percent dropaffecting 1,072 homes, or one in evert 206 households. Manatee County had a 2 percenr drop since May 2008 that hit 590 or one in287 properties. On the othedr end of the spectrum, Pasc County had the largest increase in jumping more than 62 percentto 1,500 That represents one in every 145 homexs in foreclosure, ninth worst in the state. Despite fallinv more than 6 percent since Polk County was up nearlyg 53 percent over the past yearas 1,572 homezs were in foreclosure, representing one in everyu 177 homes.
Pinellas County jumped 48 percentto 2,458 Hillsborough County climbed nearlyy 20 percent in foreclosurs rates as lenders targeted 2,408 However, rates were down well over 25 percent sincse April. Florida had the third highest rate of foreclosur in the country affectinv one in every148 homes. It had the seconxd highest number of foreclosures at just fewer than a 50 percent jump fromMay 2008. Three Florida metropolitam areas were ranked among the 10 worstt foreclosure rates in the Cape Coral-Fort Myers at No. 6 with one in 82 homes in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homes in and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homexs in foreclosure.