Florida Foreclosure: One in Every 171 Florida Homes Received Foreclosure Notice in July
The July Foreclosure Report from RealtyTrac is out, and Florida still has the third highest foreclosure rate in the nation, with one of ever 171 Florida homes receiving a foreclosure filing notice in July 2010.
Foreclosure filings include default notices, scheduled auctions and bank repossessions. Nationwide, these rose four percent over the previous month but declined ten percent from one year ago.
Florida accounted for 16 percent of the nation’s foreclosure filing total, with 51,557 properties listed. The top 10 Florida counties and their foreclosure filing totals for July are:
1. Miami-Dade – 7,107
2. Broward – 6,471
3. Lee – 3,958
4. Palm Beach – 3,759
5. Orange – 3,628
6. Hillsborough – 2,804
7. Duval – 1,839
8. Polk – 1,687
9. Pinellas – 1,670
10. Brevard – 1,512
In addition, the Cape Coral-Fort Myers metro area suffered one of the largest monthly increases in Florida foreclosure filings, which were up 21 percent there from the previous month.
July also marked the 17th consecutive month that foreclosures in the U.S. exceeded 300,000. New default notices declined for the sixth straight month, but were offset by a near-record level of bank repossessions during the month.
If you are a Florida homeowner facing possible foreclosure, contact our Jacksonville, Florida foreclosure law firm.
Greg Gilbert
Keith Maynard
