Florida Leads Nation in Foreclosures

Thursday, 11 Apr 2013 12:56 PM

By Bill Hoffmann

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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.




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