Posted On: June 7, 2010
Florida in Top 3 States for Increased Foreclosure Activity in 1st Quarter of 2010
A Jacksonville foreclosure lawyer observed that Florida lags only two states – Nevada and Arizona – in foreclosure activity for the first quarter of 2010, according to a U.S. Foreclosure Market Report released last week by RealtyTrac.The report said that, “With one in every 57 Florida properties receiving a foreclosure filing during the quarter, the state posted the nation’s third highest state foreclosure rate for the second straight quarter. Florida’s Q1 foreclosure activity increased on a quarterly and annual basis.”
Nationally, the 2010 first quarter foreclosure rate increased 7 percent from the previous quarter and 16 percent from the same period one year ago. A total of 153,540 Florida properties received a foreclosing filing – which includes default notices, scheduled auctions or bank repossessions – during the first three months of 2010.
Florida’s first quarter foreclosure filings account for over 16 percent of the nation’s total – second only to California at 23 percent.
Currently in Duval County, Florida, there are 14,538 properties with a foreclosure filing, including 5,753 properties in default, 2,697 bank repossessions and 1,933 auction properties.
If you are a Florida homeowner facing possible foreclosure and need to know about all your legal options, contact our Jacksonville, Florida foreclosure law firm.
Greg Gilbert
Keith Maynard
