Florida Loses Top Foreclosure Spot to Nevada

Florida has ranked number one in the nation for foreclosure activity during the last 6 months, but now that run has ended.  New statistics for March 2013 report Nevada as now being number one in the country.  One in every 317 homes in Florida is in some stage of foreclosure, while statistics show one in each 306 homes in Nevada is in foreclosure.

According to RealtyTrac, Florida had 12,100 new foreclosures filed and 7,562 homes repossessed by banks statewide in March. In Palm Beach County alone there were 604 new filings and 468 bank repossessions.  South Florida, including Palm Beach, Broward, and Miami-Dade counties had the highest rate in the nation for foreclosure activity of large metro areas during the first quarter. The top five states ranked by foreclosure numbers during March 2013 were Nevada, Florida, Illinois, Ohio, and Maryland.

If you have questions about foreclosure, loan modification, bankruptcy, or other alternatives, please feel free to call my office at 888-886-0020, send an e-mail to emil@fleysherlaw.com, or complete the contact form below.

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