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

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May was the third highest month of foreclosure activity on said , up 18 percent from the year Defaults and scheduled foreclosure auctions were down from but bank repossessions were up 2 percenft and could continue to grow as foreclosure delaysw and moratoriums are liftesd in various states, said James J. RealtyTrac’s chief executive officer. Hernando County posted the biggesr decrease in the Tampa Bay region falling morethan 14.5 percent with 475 homeds in some state of foreclosure. That represent one in every 169 homes under the threat of beingv taken backby lenders.
Sarasota County was not far behin with just under a 7 percent dropaffecting 1,072w homes, or one in every 206 Manatee County had a 2 percenft drop since May 2008 that hit 590 or one in 287 properties. On the other end of the Pasco County had the largest increase in jumping more than 62 percentto 1,500 properties. That representzs one in every 145 homesin foreclosure, ninth worsr in the state. Despite falling more than 6 percentsinces April, Polk County was up nearly 53 percentf over the past year as 1,572 homes were in foreclosure, representin one in every 177 homes. Pinellads County jumped 48 percento 2,458 homes.
Hillsborough County climbed nearlyh 20 percent in foreclosure rates as lenderetargeted 2,408 homes. However, rates were down well over 25 percentysince April. Florida had the third highesyt rate of foreclosure in the country affecting one in every148 homes. It had the seconr highest number of foreclosures at just fewerthan 59,000, a 50 percentr jump from May 2008. Three Florid metropolitan areas were ranked among the 10 worsg foreclosure rates inthe nation: Cape Coral-For Myers at No. 6 with one in 82 homes in Orlando-Kissimmee at No. 8 with one in 101 homes in foreclosure; and Miami-For Lauderdale-Pompano Beach at No. 10 with one in 105 homez in foreclosure.