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Florida posted fewer foreclosure filings last month, but still finished second in the nation, according to RealtyTrac.

The state posted 58,931 foreclosure filings — including default notices, scheduled auctions and bank repossessions — in May, down 8.8 percent from April’s total, but still 50 percent higher than May 2008, according to RealtyTrac’s monthly Foreclosure Market Report.

Only California had a higher total, with 92,249 properties with May 2009 foreclosure filings.

The Sunshine State was No. 3 in the nation in foreclosure rates, with one in every 148 households receiving a foreclosure filing in May. Nevada led the country with one in every 64 homes receiving a filing, while California was second highest with one in every 144.

The Orlando-Kissimmee market took the No. 8 spot among the nation’s top 10 metro areas with the highest foreclosure rates. The area recorded a rate of one foreclosure filing for every 101 homes. complete story

Source: Orlando Business Journal - Anjali Fluker

Posted by Orlando Realty Experts on June 13th, 2009 6:08 PMPost a Comment (0)
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