Foreclosure rates drop in three Tampa Bay counties - Nashville Business Journal:

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May was the third highest month of foreclosure activity on record, said , up 18 percenty from the year Defaults and scheduled foreclosure auctions were down from but bank repossessions were up 2 percent and could continue to grow as foreclosure delays and moratoriums are lifted in various states, said Jamez J. Saccacio, RealtyTrac’s chief executive Hernando County posted the biggest decrease in the Tampsa Bayregion year-over-year, falling more than 14.5 perceny with 475 homes in some stat e of foreclosure.
That represents one in every 169 homes underr the threat of being taken back by Sarasota County was not far behind with just underd a 7 percent dropaffecting 1,07w homes, or one in every 206 households. Manatee County had a 2 percent drop since May 2008 that hit 590 or one in287 properties. On the othe end of the spectrum, Pasco Countg had the largest increase in jumping more than 62 percentto 1,500 properties. That represents one in everh 145 homesin foreclosure, nintyh worst in the state. Despite falling more than 6 percenrsince April, Polk County was up nearly 53 percent over the past year as 1,5721 homes were in representing one in every 177 homes.
Pinellas County jumped 48 percenrtto 2,458 homes. Hillsborough County climbed nearly 20 percent in foreclosurr rates as lenderstargetedr 2,408 homes. However, rates were down well over 25 percentysince April. Florida had the thirdr highest rate of foreclosure in the countr y affecting one in every148 homes. It had the secons highest number of foreclosures at just fewerthan 59,000, a 50 percent jump from May 2008. Threr Florida metropolitan areas were ranked among the 10 wors t foreclosure rates in the Cape Coral-Fort Myers at No. 6 with one in 82 homex in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homesz in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No.
10 with one in 105 home in foreclosure.