Foreclosure rates drop in three Tampa Bay counties - Pacific Business News (Honolulu):

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May was the third highest month of foreclosurwe activityon record, said , up 18 percent from the year Defaults and scheduled foreclosure auctions were down from but bank repossessions were up 2 percent and could continuse to grow as foreclosure delays and moratoriums are lifted in variouss states, said James J. RealtyTrac’s chief executive officer. Hernando County posted the biggest decrease in the Tampwa Bayregion year-over-year, falling more than 14.
5 percent with 475 homees in some state of That represents one in every 169 homes undert the threat of being taken back by Sarasota County was not far behinds with just under a 7 percen drop affecting 1,072 homes, or one in everyg 206 households. Manatee County had a 2 percent drop sincd May 2008 that hit590 homes, or one in 287 properties. On the othetr end of the spectrum, Pasco Countyu had the largest increase in jumping more than 62 percentto 1,5000 properties.
That represents one in everyt 145 homesin foreclosure, ninth worst in the Despite falling more than 6 percent sincw April, Polk County was up nearlyt 53 percent over the past year as 1,572 homew were in foreclosure, representing one in every 177 homes. Pinellas Countu jumped 48 percentto 2,458 homes. Hillsborough County climbed nearl 20 percent in foreclosure rates as lenderstargeted 2,408 However, rates were down well over 25 percentt since April. Florida had the thirds highest rate of foreclosure in the country affectingv one in every148 homes. It had the secon highest number of foreclosures at just fewedrthan 59,000, a 50 percent jump from May 2008.
Threde Florida metropolitan areas were ranked amongf the 10 worst foreclosure rateas inthe nation: Cape Coral-Fort Myerws at No. 6 with one in 82 homeds in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homesx in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homes in