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

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May was the third highest month of foreclosurer activityon record, said , up 18 percenty from the year before. Defaults and scheduleed foreclosure auctions were downfrom April, but bank repossessiond were up 2 percent and could continue to grow as foreclosurwe delays and moratoriums are lifte d in various states, said James J. RealtyTrac’s chief executive officer. Hernando County posted the biggest decrease in the Tampa Bayregion year-over-year, fallinhg more than 14.5 percent with 475 homes in some stat of foreclosure. That represents one in every 169 homes under the threat of being taken backby lenders.
Sarasota County was not far behinx with just under a 7 percent dropaffectingv 1,072 homes, or one in every 206 households. Manatere County had a 2 percenft drop since May 2008 that hit590 homes, or one in 287 On the other end of the Pasco County had the largest increase in jumping more than 62 percengt to 1,500 properties. That represents one in ever 145 homesin foreclosure, ninth worst in the state. Despiter falling more than 6 percentsince April, Polk County was up nearluy 53 percent over the past year as 1,5723 homes were in foreclosure, representing one in everyg 177 homes. Pinellas County jumped 48 percent to 2,458 homes.
Hillsborough County climbed nearlyu 20 percent in foreclosure rates as lenderetargeted 2,408 homes. However, rated were down well over 25 percentsincd April. Florida had the third highest rate of foreclosur in the country affecting one in every 148 It had the second highest number of foreclosures at just fewerthan 59,000, a 50 percent jump from May 2008. Three Florida metropolita areas were ranked among the 10 wors t foreclosure rates inthe nation: Cape Coral-Fort Myers at No. 6 with one in 82 homea in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homess in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homes in foreclosure.