MIAMI—Lenders repossessed more than 10,000 properties in the tri-county area in the first quarter. That’s the highest number since the South Florida real estate market crashed in 2007, according to CondoVultures.

Specifically, lenders foreclosed on 10,200 properties in Miami-Dade, Broward and Palm Beach counties in the first 90 days of 2012. That compares to about 9,200 repos in the year-ago period. CondoVultures based its research on Clerk of the Court records in each of the three counties.

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