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Florida Foreclosure Rates Tops In U.S. Last Month
October 14, 2012
An expected surge of foreclosures pushed Florida to the top of the heap during the third quarter as lenders resumed proceedings that had been stalled by robo-signings violations more than two years ago, according to data compiled by RealtyTrac, which monitors retail sales and foreclosures around the country.
For the quarter ending September 30, one in every 117 Florida homes was in some sort of foreclosure action, more than double the national average.
Florida also led the nation for foreclosures in September, the first time the state had claimed the dubious top spot since April 2005. For the quarter, Florida’s foreclosure rate was up 14 percent from the same period last year. September’s foreclosure rate was 24 percent higher than a year ago, the 11th straight month of year-to-year increase, RealtyTrac reported.
By The News Service of Florida
Comments
3 Responses to “Florida Foreclosure Rates Tops In U.S. Last Month”
More evidence Rick Scott has failed on his number one promise. Vote Ricky out. He lied when he said he would produce 1.7 million jobs. Not even remotely on track to create that many jobs.
Its okay Jane, Gov. Scott is creating jobs like crazy!!! :\
With the low paying jobs, fewer jobs, and higher prices for everything, including utilities and garbage pickup, is there any wonder we have so many foreclosures? I don’t care what Washington says, the unemployment rate is higher than they say it is, and next year is not looking good unless Congress does something to extend the tax cuts. Email your representative and senator.