Florida fifth in foreclosure filings
Foreclosures continue to rise across the country and in Florida, according to figures released by RealtyTrac.
More than 64,000 properties are in some stage of foreclosure in Florida, according to RealtyTrac's midyear report. That's up 41 percent from the second half of last year and up 77 percent from the first half of 2006.
Florida had a total of more than 102,000 filings, reflecting the fact that some properties have multiple filings. That total translates into one filing for every 81 households in the state, ranking it fifth in the nation. Nevada had the most filings, with one for every 40 households, followed by Colorado, California and Michigan.
Nationally, more than 571,000 properties were in some stage of foreclosure, up 32 percent from the second half of last year and up 58 percent from the same period a year ago.
"Despite a slight drop in June, foreclosure activity shows no sign of slowing down," says James J. Saccacio, CEO of RealtyTrac. "Based on the rate of foreclosure activity in the first half of 2007, we could easily surpass 2 million foreclosure filings by the end of the year, which would represent a year-over-year increase of over 65 percent."
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