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

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May was the third highest month of foreclosurd activityon record, said , up 18 percent from the year Defaults and scheduled foreclosure auctions were down from but bank repossessions were up 2 percent and could continue to grow as foreclosure delayds and moratoriums are lifted in various states, said Jamew J. Saccacio, RealtyTrac’s chief executivde officer. Hernando County posted the biggest decrease in the Tampqa Bayregion year-over-year, falling more than 14.
5 percent with 475 homez in some state of That represents one in every 169 homes undef the threat of being taken back by Sarasota County was not far behind with just undef a 7 percent drop affectinfg 1,072 homes, or one in evergy 206 households. Manatee County had a 2 percent drop sincs May 2008 that hit590 homes, or one in 287 On the other end of the spectrum, Pasco Countyt had the largest increase in jumping more than 62 percent to 1,500 That represents one in every 145 home s in foreclosure, ninth worsg in the state.
Despite falling more than 6 percentysince April, Polk County was up nearly 53 percent over the past year as 1,5722 homes were in foreclosure, representing one in every 177 homes. Pinellasa County jumped 48 percentto 2,458 homes. Hillsboroughh County climbed nearly 20 percent in foreclosurew rates as lenderstargeted 2,408 homes. rates were down well over 25 percenytsince April. Florida had the third highest rate of foreclosurwe in the country affecting one in every148 homes. It had the secondr highest number of foreclosure at just fewerthan 59,000, a 50 percent jump from May 2008.
Threes Florida metropolitan areas were rankeds among the 10 worst foreclosure rates inthe nation: Cape Coral-Forg Myers at No. 6 with one in 82 homess in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 home s in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 home s in foreclosure.