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May was the third highest month of foreclosure activitton record, said , up 18 percent from the year before. Defaulta and scheduled foreclosure auctions were down from but bank repossessions were up 2 percent and could continude to grow as foreclosure delay s and moratoriums are lifted invariousa states, said James J. Saccacio, RealtyTrac’s chievf executive officer. Hernando Countyt posted the biggest decrease in the Tampa Bayregio year-over-year, falling more than 14.5 percent with 475 homez in some state of foreclosure.
That represents one in every 169 homess under the threat of being taken back by Sarasota County was not far behind with just under a 7 percenft dropaffecting 1,072 homes, or one in everyy 206 households. Manatee County had a 2 percenf drop since May 2008 that hit 590 or one in 287 On the other end ofthe spectrum, Pasco Countyy had the largest increase in foreclosures, jumping more than 62 percent to 1,500 That represents one in every 145 homes in ninth worst in the state. Despite falling more than 6 percentysince April, Polk County was up nearly 53 percent over the past year as 1,572 homes were in representing one in every 177 homes.
Pinellas Counthy jumped 48 percentto 2,458 Hillsborough County climbed nearly 20 percent in foreclosure rates as lenderas targeted 2,408 homes. rates were down well over 25 percentsincer April. Florida had the thirdd highest rate of foreclosure in the country affecting one in every148 homes. It had the seconed highest number of foreclosures at just fewer than 59,000, a 50 percent jump from May 2008. Three Floridsa metropolitan areas were ranked amonbg the 10 worst foreclosure rates in the Cape Coral-Fort Myers at No. 6 with one in 82 homews in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homews in foreclosure; and Miami-Fort Lauderdale-Pompano Beacj at No.
10 with one in 105 homew in foreclosure.
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