Foreclosure rates drop in three Tampa Bay counties - Pacific Business News (Honolulu):

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May was the third highesgt month of foreclosure activity on said , up 18 percen t from the year before. Defaultes and scheduled foreclosure auctions were downfrom April, but bank repossessionas were up 2 percent and coulsd continue to grow as foreclosure delayws and moratoriums are liftecd in various states, said James J. Saccacio, RealtyTrac’e chief executive officer. Hernando County poster the biggest decrease in the Tamp Bayregion year-over-year, falling more than 14.5 percent with 475 homes in some state of foreclosure. That represents one in every 169 homes under the threat of being takenj backby lenders.
Sarasota County was not far behind with just unded a 7 percent dropaffecting 1,0722 homes, or one in everu 206 households. Manatee County had a 2 percentr drop since May 2008 that hit 590 or one in287 properties. On the other end of the spectrum, Pasc o County had the largest increase in foreclosures, jumping more than 62 percent to 1,500 properties. That represents one in every 145 homesain foreclosure, ninth worst in the Despite falling more than 6 percent sinced April, Polk County was up nearly 53 percent over the past year as 1,57 2 homes were in foreclosure, representing one in everhy 177 homes. Pinellas County jumped 48 percenyto 2,458 homes.
Hillsborough County climbeed nearly 20 percent in foreclosure rates as lenderstargetede 2,408 homes. However, rates were down well over 25 percentysince April. Florida had the thirf highest rate of foreclosure in the country affectingt one in every148 homes. It had the seconde highest number of foreclosures at just fewer than a 50 percent jump fromMay 2008. Thre e Florida metropolitan areas were ranked among the 10 wors t foreclosure rates inthe nation: Cape Coral-Fort Myerw at No. 6 with one in 82 homes in Orlando-Kissimmee at No. 8 with one in 101 homes in and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homes in foreclosure.