Florida Leads Nation in Foreclosures

Thursday, 11 Apr 2013 12:56 PM

By Bill Hoffmann

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Florida has more of its homes seeing foreclosure filings than any other state in the nation, says RealtyTrac, which follows real estate trends across the country.

In the first quarter of 2013, some 85,671 Florida homes were in foreclosure — which is one in every 104 residences, reports The Miami Herald.

That rate is nearly triple the national average of one in every 296 residences.

In addition, Miami has the highest foreclosure rate of any large city in the nation for January, February, and March — with one in every 79 residences in foreclosure proceedings. That’s more than three times the national average.

Six other Florida cities metro areas made RealtyTrac’s Top 10:
Orlando, No. 2, with one in 86 houses in foreclosure; Ocala, No. 3, with one in 92; Tampa, No. 5 with one in 100; Jacksonville, No. 7, one in 105; Palm Bay-Melbourne-Titusville, No. 8 with one in 109; and Lakeland, No. 10, one in 128.

After Florida, Nevada and Illinois posted the highest number of foreclosure rates. In Nevada, one in every 115 houses were part of a foreclosure filing, while in Illinois, it was one in every 147 houses.

However the number of homes repossessed across the nation fell in March to its lowest level in more than five years.




© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Oklahoma AG: Consider Terrorism Charge in Beheading

Wednesday, 01 Oct 2014 20:22 PM

Oklahoma Attorney General Scott Pruitt says there is evidence to suggest that a beheading at a food processing plant in  . . .

Rep. Tom Petri to Face Additional Ethics Review

Wednesday, 01 Oct 2014 19:46 PM

Rep. Tom Petri of Wisconsin may soon face a deeper ethics investigation after an Office of Congressional Ethics inquiry  . . .

CNN: Agents Had No Confidence in Secret Service Director

Wednesday, 01 Oct 2014 19:40 PM

Julia Pierson, who resigned Wednesday as director of the troubled Secret Service agency, didn't have the confidence of r . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved