The foreclosure totals for 2008 are in, and the numbers are staggering. Nationwide, foreclosures were 81% higher than 2007. The news in Bay County/Panama City is even worse.
Last year, almost 21-hundred Bay County homes or condos were in some stage of foreclosure, and increase of a 168% from 2007, and a 400% increase over 2006.
Other area counties had similar problems.
Franklin County, Apalachicola, 2008 foreclosure rate was up 241% over 2007.
Okaloosa County, Fort Walton Beach/Destin, increase was similar to Bay County's.
The most dramatic increase in foreclosures came in Walton County, Santa Rosa Beach/Miramar, where the totals jumped from 263 to 1,086...a w hopping 313% increase.
Overall, Florida had 385,000 foreclosures last year...up 133% over 2007.
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