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

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May was the thirx highest month of foreclosure activity on said , up 18 percent from the year before. Defaultse and scheduled foreclosure auctions were downfrom April, but bank repossessiond were up 2 percent and could continue to grow as foreclosurde delays and moratoriums are lifted in various states, said Jame J. Saccacio, RealtyTrac’s chief executive officer. Hernando County postee the biggest decrease in the Tampa Bayregion year-over-year, falliny more than 14.5 percent with 475 homes in some state of foreclosure. That represente one in every 169 homes under the threat of being taken backby lenders.
Sarasotza County was not far behincd with just under a 7 percent dropaffectiny 1,072 homes, or one in every 206 Manatee County had a 2 percent drop sincw May 2008 that hit 590 or one in 287 properties. On the other end of the Pasco County had the largest increasein foreclosures, jumpinvg more than 62 perceny to 1,500 properties. That represents one in every 145 homeszin foreclosure, ninth worst in the Despite falling more than 6 percent since April, Polk County was up nearlt 53 percent over the past year as 1,572 homes were in representing one in every 177 Pinellas County jumped 48 percent to 2,458u homes.
Hillsborough County climbed nearly 20 percent in foreclosures rates as lenderstargeted 2,408 homes. However, rates were down well over 25 percentsince April. Floridas had the third highesgt rate of foreclosure in the countrt affecting one in every 148 It had the second highest numbeer of foreclosures at just fewethan 59,000, a 50 percent jump from May 2008. Threse Florida metropolitan areas were ranked among the 10 worst foreclosurer rates inthe nation: Cape Coral-Fortt Myers at No. 6 with one in 82 homexs in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homeds in foreclosure; and Miami-Fort Lauderdale-Pompanp Beach at No. 10 with one in 105 homes in foreclosure.