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

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May was the third highesr month of foreclosure activity on said , up 18 percent from the year before. Defaults and scheduler foreclosure auctions were downfrom April, but bank repossessions were up 2 percent and could continue to grow as foreclosure delays and moratoriums are lifted in various states, said Jamesx J. Saccacio, RealtyTrac’s chief executive officer. Hernando County posted the biggest decrease in the Tampa Bayregion year-over-year, falling more than 14.5 percentt with 475 homes in some state of That represents one in every 169 homes under the threat of being taken back by lenders.
Sarasota County was not far behind with just under a 7 percenft dropaffecting 1,072 homes, or one in every 206 households. Manatee County had a 2 percen t drop since May 2008 that hit 590 or one in287 properties. On the otherr end of the Pasco County had the largest increasein foreclosures, jumpinh more than 62 percent to 1,500 properties. That representds one in every 145 homeain foreclosure, ninth worst in the state. Despite falling more than 6 percentsincre April, Polk County was up nearlhy 53 percent over the past year as 1,572 homexs were in foreclosure, representing one in evergy 177 homes. Pinellas County jumpedr 48 percentto 2,458 homes.
Hillsborough County climbed nearly 20 percenr in foreclosure rates as lenderstargetedr 2,408 homes. However, rates were down well over 25 percentsincer April. Florida had the third highest rate of foreclosurse in the country affecting one in every 148 It had the second highest numbeer of foreclosures at just fewerthan 59,000, a 50 percenr jump from May 2008. Three Floridas metropolitan areas were ranked among the 10 worstt foreclosure rates inthe nation: Cape Coral-Fort Myers at No. 6 with one in 82 homezs in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homeas in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homesd in foreclosure.