Florida once again led the nation in its foreclosure rate
for the first six months the year, according to a report released Thursday by
RealtyTrac, a California-based company that tracks foreclosed properties.
The Sunshine State had one foreclosure filing -- a default
notice, scheduled auction or bank repossession -- for every 58 housing units in
the first half of 2013. That’s an 11.5 percent increase over the same period
last year and more than double the national rate.
The average foreclosure takes 907 days, the third-longest in
the nation. But a new law designed to speed up foreclosures, HB 87, took effect
this month. Now a Lender or an HOA can Foreclose in 45 days from notice of
default.
Florida also has the top five metro area foreclosure rates
in the country, and 12 out of the top 20. Miami is first with 2.35 percent of
housing units with a foreclosure filing. Next is Orlando with 1.94 percent,
Jacksonville with 1.91 percent, Ocala with 1.85 percent and Tampa with 1.74
percent.
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