Investment and Vacation Real Estate - Orlando, Florida

November 14th, 2008 12:01 AM

Florida Foreclosures up 80% from last year

In Florida, one of every 157 units received a filing during October, the nation's third-highest state rate. A total of 54,324 Florida properties received a foreclosure filing during the month, an increase of 13 percent from the previous month and nearly 80 percent from last year.

RealtyTrac counts foreclosures by compiling the total number of properties with at least one foreclosure filing reported during the month. If more than one foreclosure document is filed against a property, RealtyTrac counts only the most recent filing. complete story

Source: Reuters.com 

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Posted by Real Estate - Associates on November 14th, 2008 12:01 AMPost a Comment (0)
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