Foreclosure rates drop in three Tampa Bay counties - Puget Sound Business Journal (Seattle):

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May was the third highest month of foreclosurd activityon record, said , up 18 percent from the year Defaults and scheduled foreclosure auction were down from April, but bank repossessionz were up 2 percent and couldc continue to grow as foreclosuree delays and moratoriums are lifted in varioux states, said James J. Saccacio, RealtyTrac’s chief executive Hernando County posted the biggest decrease in the Tampa Bayregion year-over-year, falling more than 14.5 perceng with 475 homes in some state of That represents one in everh 169 homes under the threa t of being taken back by lenders.
Sarasota Countuy was not far behind with just undet a 7 percent dropaffecting 1,071 homes, or one in every 206 Manatee County had a 2 percent drop sincer May 2008 that hit 590 homes, or one in 287 On the other end of the spectrum, Pasco Counthy had the largest increase in jumping more than 62 percent to 1,500 properties. That representx one in every 145 homesin foreclosure, ninth worstt in the state. Despite falling more than 6 percentsincd April, Polk County was up nearly 53 percent over the past year as 1,57q homes were in foreclosure, representingb one in every 177 homes. Pinellas Countyh jumped 48 percentto 2,458 homes.
Hillsboroughb County climbed nearly 20 percent in foreclosurde rates as lenderstargeted 2,408 homes. However, rates were down well over 25 percengtsince April. Florida had the third highesft rate of foreclosure in the country affectinhg one in every148 homes. It had the secondd highest number of foreclosures at just fewerthan 59,000, a 50 percenr jump from May 2008. Threre Florida metropolitan areas were ranked amonbg the 10 worst foreclosure rates in the Cape Coral-Fort Myers at No. 6 with one in 82 home s in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 home s in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homed in foreclosure.