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Florida Leads Nation In Foreclosures

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(Source: CBS4)

(Source: CBS4)

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MIAMI (CBSMiami) – There’s good news and bad news for the state when it comes to foreclosures.

The bad news: in April Florida led the nation with the highest number of foreclosures.

The good news: even though Florida led the nation, the actual number of foreclosures was down compared to the same time last year.

The research firm RealtyTrac reported one of every 400 Florida homes were the subject of a foreclosure filing in April.

Among U.S. metro areas with more than 200,000 residents, 11 of the 20 with the highest foreclosure rates were located in Florida.

Orlando was at the top of the list. It was followed by the Daytona Beach area, South Florida, Jacksonville, metro Tampa and the Space Coast area. Lakeland and metro Sarasota were ranked ninth and 10th.

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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