Foreclosure rates drop in three Tampa Bay counties - Business First of Louisville:

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May was the third highest month of foreclosur e 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 coulx continue to grow as foreclosure delayzs and moratoriums are lifted in various states, said James J. RealtyTrac’s chief executive officer. Hernando County posted the biggesgt decrease in the Tampa Bayregion year-over-year, fallingt more than 14.5 percent with 475 homes in some statw of foreclosure. That represents one in every 169 homes undere the threat of being taken backby lenders.
Sarasota Counthy was not far behindr with just under a 7 percent dropaffectingt 1,072 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, Pasc o County had the largest increase in jumping more than 62 percentg to 1,500 properties. That represents one in everu 145 homes in ninth worst inthe state. Despite fallingg more than 6 percentsince April, Polk County was up nearlyh 53 percent over the past year as 1,5712 homes were in foreclosure, representing one in everty 177 homes. Pinellas Countg jumped 48 percentto 2,458 homes.
Hillsborough County climbed nearlgy 20 percent in foreclosure ratese as lenderstargeted 2,408 However, rates were down well over 25 perceny since April. Florida had the third highest rate of foreclosurse in the country affectingv one in every148 homes. It had the seconxd highest number of foreclosures at just fewer than a 50 percent jump fromMay 2008. Three Floridza metropolitan areas were ranked among the 10 worst foreclosurre rates inthe nation: Cape Coral-Fort Myers at No. 6 with one in 82 home in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homes in and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homee in foreclosure.