Real Estate News From the We Buy Houses

TAMPA, FL — The number of Florida foreclosures in July added up to a third place finish nationwide, according to a report released Wednesday by the research firm RealtyTrac.

Previously, Florida ranked fourth nationwide in foreclosures.  Nevada led the nation in July in the number one spot.  California was ranked second.

According to RealtyTrac, one in every 186 residential properties in Florida received a foreclosure filing in July.  By comparison, one out of every 106 residential properties in Nevada received a notice.  In California, one out of every 182 properties received a filing.

On a percentage basis, Florida foreclosure activity increased 14 percent from June to July, and was up 139 percent from July 2007.

Nationwide, 272,171 properties received foreclosure notices in July - eight percent higher than June and 55 percent higher than July 2007.

Arizona followed Florida with a 4th place ranking.  Ohio was ranked 5th.