Florida Leads Nation In Foreclosures
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.
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