Florida Rated No. 3 in Foreclosures
Florida remained among the leading states in preforeclosures and bank repossessions, according to the U.S. Foreclosure Index report from Foreclosures.com.
Florida posted 64.2 year-to-date preforeclosure filings per 1,000 households, up 166 percent from the same period in 2007. Florida trailed only Nevada’s 77.8 filings per 1,000 households and Arizona’s 74.6 filings per 1,000 households for the first nine months of this year.
Preforeclosures include notices of default and/or foreclosure auction prior to actual foreclosure.
For the third quarter, Florida posted 29,591 real estate owned filings, or when the bank repossesses a foreclosure property. That ranked third in the nation, behind California’s 89,450 and Arizona’s 31,882, the report said.
Nationwide, foreclosures remain on track to post more than 1 million by year’s end, the report said. Pre-foreclosures should end up at a record 2 million, the report said.
