Florida posted the nation’s highest state foreclosure rate for the sixth consecutive month in February, according to RealtyTrac’s Foreclosure Market Report for February 2013: One in every 282 housing units with a mortgage had a foreclosure filing during the month more than three times the national average.
A total of 31,726 Florida properties had a foreclosure filing during February, up 6 percent from the previous month and up 20 percent year-to-year, reaching a 16-month high. Foreclosure filings include default notices, scheduled auctions and bank repossessions.
Florida cities (population of 200,000 or more) also accounted for seven of the nation’s 10 highest metro foreclosure rates in February; Miami’s metro area posted the highest rate in the nation (one in every 219 housing units).
Other Florida MSAs in RealtyTrac’s top 10 include: Orlando at No. 2 (one in 225 housing units with a foreclosure filing); Ocala No. 3 (one in 243); Tampa No. 4 (one in 253); Palm Bay No. 5 (one in 260); Jacksonville No. 8 (one in 302); and Naples No. 9 (one in 318). Foreclosure activity increased from a year ago in all seven Florida cities with top 10 metro foreclosure rates.