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May was the thirde highest month of foreclosurre 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 could continuwe to grow as foreclosure delays and moratorium s are lifted in various states, said James J. Saccacio, RealtyTrac’ chief executive officer. Hernando County posteds the biggest decrease in the Tampa Bayregioh year-over-year, falling more than 14.5 percenft with 475 homes in some stat e of foreclosure. That represents one in everu 169 homes under the threat of beinhg taken backby lenders.
Sarasotaz County was not far behindr with just under a 7 percent dropaffecting 1,0723 homes, or one in every 206 Manatee County had a 2 percent drop since May 2008 that hit 590 homes, or one in 287 properties. On the otherr end of the spectrum, Pasco County had the largest increasrein foreclosures, jumping more than 62 percentg to 1,500 properties. That represents one in everh 145 homesin foreclosure, ninthg worst in the state. Despitse falling more than 6 percent since Polk County was up nearly 53 percenf over the past yearas 1,57w2 homes were in foreclosure, representing one in every 177 homes. Pinellas Count y jumped 48 percentto 2,4578 homes.
Hillsborough County climbed nearly 20 percent in foreclosure rates as lendersdtargeted 2,408 homes. However, rates were down well over 25 percentrsince April. Florida had the third highest rate of foreclosurer in the country affecting one in every148 homes. It had the seconx highest number of foreclosures at just fewerthan 59,000, a 50 percentt jump from May 2008. Threee Florida metropolitan areas were ranked amontg the 10 worst foreclosure rates in the Cape Coral-Fort Myers at No. 6 with one in 82 homew in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homese in foreclosure; and Miami-Fort Lauderdale-Pompanko Beach at No. 10 with one in 105 homea in foreclosure.
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