Florida remains national foreclosure leader in July, but initial proceedings down

Florida’s rate of foreclosure filings remained the highest in the country last month, with one in every 328 housing units receiving a filing, according to a report released Thursday byRealtyTrac, a California-based property tracking company.

That’s more than triple the national rate for July, but initial default notices in the state are down 28 percent in the year-over-year comparison. RealtyTrac’s report tracks foreclosure activity – default notices, scheduled auctions and bank repossessions. Florida’s filings were driven by a 74 percent increase in scheduled foreclosure auctions and a 13 percent jump in bank repossessions.

Still, Florida’s foreclosure rate is 6.8 percent higher than July 2012. The Sunshine State also has nine of the top 10 metro area foreclosure rates.

Jacksonville ranks highest with 230 housing units receiving a foreclosure filing, a 24 percent year-over-year increase. Next is the Miami-Fort Lauderdale-Pompano Beach metro area (one filing per 250 housing units), Port St. Lucie (one filing per 256 housing units), Ocala (one filing per 294 housing units), the Palm Bay-Melbourne-Titusville area (one filing per 296 housing units), the Tampa-St. Petersburg-Clearwater area (one filing per 334 housing units), Orlando (one filing per 344 housing units), Pensacola (one filing per 345 housing units) and Sarasota (one in 394 housing units).

Albuquerque, N.M., slipped in between Palm Bay and Tampa to claim the sixth-highest foreclosure rate, with one filing per 331 housing units.

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