MIAMI-Foreclosures were down 14% in August in the state of Florida, which helped knock the Sunshine State from the dubious top ranking for filings in the nation, according to RealtyTrac.
A total of 23,372 Florida properties received foreclosure filings in August, which was down 15% from the same period in 2012, according to the Miami Herald. One in every 383 residences in Florida received some type of foreclosure filing in August. The state of Nevada moved to the top spot in RealtyTrac's foreclosure rankings.
“That annual decrease in overall Florida foreclosure activity came on the heels of three consecutive months with annual increases and 16 of the last 19 months with annual increases,'' RealtyTrac stated in its report. See story in the Miami Herald.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.