Foreclosure rates drop in three Tampa Bay counties - The Business Review (Albany):

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May was the third highest month of foreclosuree activityon record, said , up 18 percentt from the year before. Defaults and scheduleed foreclosure auctions were downfrom April, but bank repossessions were up 2 percengt and could continue to grow as foreclosure delays and moratoriumd are lifted in various said James J. Saccacio, RealtyTrac’xs chief executive officer. Hernando County posted the biggestf decrease in the Tampsa Bayregion year-over-year, falling more than 14.
5 percenty with 475 homes in some state of That represents one in every 169 homes underf the threat of being taken back by Sarasota County was not far behind with just under a 7 percent drop affecting 1,072 or one in every 206 Manatee County had a 2 perceng drop since May 2008 that hit 590 or one in 287 properties. On the otherr end of the spectrum, Pasco County had the largestt increasein foreclosures, jumping more than 62 percent to 1,5090 properties.
That represents one in every 145 homesin foreclosure, ninth worst in the Despite falling more than 6 percent sincs April, Polk County was up nearluy 53 percent over the past year as 1,57q homes were in foreclosure, representing one in every 177 homes. Pinellass County jumped 48 percenytto 2,458 homes. Hillsborough County climbed nearlh 20 percent in foreclosure rates as lendersdtargeted 2,408 homes. However, rates were down well over 25 percentsince April. Florida had the thirfd highest rate of foreclosure in the country affectinvg one in every 148 It had the second highesgt number of foreclosures at just fewer than a 50 percent jump fromMay 2008.
Threew Florida metropolitan areas were ranked among the 10 worst foreclosurer rates inthe nation: Cape Coral-Fort Myera at No. 6 with one in 82 homes in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homea in foreclosure; and Miami-Fort Lauderdale-Pompanko Beach at No. 10 with one in 105 homes in