Orlando Not Quite Top For Foreclosures
Filed Under Orlando Real Estate · Tagged: florida foreclosures
Who woulda thunk it? Only 8th? Then why does it feel like we’re #1? I have to confess to feeling a little disappointed.
About 1.87 percent of the homes in the area received a foreclosure notice during the third quarter, according to the latest RealtyTrac U.S. Foreclosure Market Report.
However, Florida ranked second in the number of total foreclosure filings in the third quarter. Foreclosure filings were reported on 127,306 properties statewide, nearly 109 percent up from the same period in 2007.
Florida also reported a 9 percent month-over-month increase in foreclosure rate, ranking it second in the nation for September with one in every 178 households reporting a foreclosure filing. A total of 47,956 foreclosure filings were reported during the month, an increase of 44 percent from September 2007, the report said.
Vermont reported the lowest foreclosure rate with only six properties in some state of foreclosure reported in September and 23 in the third quarter.
Lucky people. And they have those beautiful leaves too.