RealtyTrac: Fla. still top state for foreclosures

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RealtyTrac: Fla. still top state for foreclosures

RealtyTrac: Fla. still top state for foreclosures

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Florida Realtors-

RealtyTrac released its U.S. Foreclosure Market Report for April 2014 today, and it found that Florida continues to lead the nation in foreclosures.

While the state’s foreclosure activity – a count of all homes in some phase of the foreclosure process – declined 9 percent year-to-year in April, the state still led the nation with a foreclosure rate nearly three times higher than the national average.

Nationwide, foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 115,830 properties in April, a 1 percent decrease from the previous month and 20 percent decline year-to-year. Overall, one in every 1,137 housing units had a foreclosure filing during the month.

Despite the drop, however, banks repossessed more homes in April – a 4 percent increase month-to-month. Still, repossessions dropped 14 percent year-to-year.

[FLORIDA REALTORS]

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