Florida Foreclosures Leap Up
Florida foreclosure filings jumped by 6 percent from April to May, according to a study by RealtyTrac Inc., an online data concern. That's one new filing for every 821 Florida households.
By contrast, national foreclosure filings rose by less than 2 percent, averaging about one new filing for every 1,247 U.S. households.
The numbers for St. Lucie County were even more grim. One of every 719 households there was the subject of a foreclosure filing in May, reported Irvine, Calif.-based RealtyTrac. And in Palm Beach County last month, RealtyTrac found, one of every 561 households faced a new foreclosure action -- almost double the national average.
"Unfortunately, this is not a blip," said Jack McCabe, president of McCabe Research and Consulting in Delray Beach, which months ago warned of coming foreclosure problems. "It is going to be a trend for quite a period of time."
Continue reading at http://tinyurl.com/ocbce
(Source: Planet Realtor)
By contrast, national foreclosure filings rose by less than 2 percent, averaging about one new filing for every 1,247 U.S. households.
The numbers for St. Lucie County were even more grim. One of every 719 households there was the subject of a foreclosure filing in May, reported Irvine, Calif.-based RealtyTrac. And in Palm Beach County last month, RealtyTrac found, one of every 561 households faced a new foreclosure action -- almost double the national average.
"Unfortunately, this is not a blip," said Jack McCabe, president of McCabe Research and Consulting in Delray Beach, which months ago warned of coming foreclosure problems. "It is going to be a trend for quite a period of time."
Continue reading at http://tinyurl.com/ocbce
(Source: Planet Realtor)
posted by Dan Forbes at
11:34 AM
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