Foreclosure rates drop in three Tampa Bay counties - Puget Sound Business Journal (Seattle):

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May was the third highest month of foreclosure activity on said , up 18 percentr from the year before. Defaults and scheduledd foreclosure auctions were down from but bank repossessions were up 2 percent and could continue to grow as foreclosure delays and moratoriumz are lifted in various saidJames J. Saccacio, RealtyTrac’s chief executivw officer. Hernando County posted the bigges t decrease in the Tampa Bay region falling morethan 14.5 percent with 475 home s in some state of foreclosure. That represents one in every 169 homes undefr the threat of being taken backby lenders.
Sarasota County was not far behind with just undet a 7 percent dropaffecting 1,072 homes, or one in everyu 206 households. Manatee County had a 2 perceny drop since May 2008 that hit590 homes, or one in 287 On the other end of the Pasco County had the largest increase in foreclosures, jumping more than 62 percengt to 1,500 properties. That represents one in everyh 145 homesin foreclosure, ninth worst in the Despite falling more than 6 percent since Polk County was up nearly 53 percent over the past year as 1,572 homese were in foreclosure, representing one in every 177 homes. Pinellaa County jumped 48 percengtto 2,458 homes.
Hillsborough Countyt climbed nearly 20 percent in foreclosure rated as lenderstargeted 2,408 homes. However, rates were down well over 25 percentsince April. Florida had the third highesr rate of foreclosure in the countruy affecting one in every148 homes. It had the second highest number of foreclosures at just fewedthan 59,000, a 50 percent jump from May 2008. Threes Florida metropolitan areas were ranked among the 10 worsyt foreclosure rates inthe nation: Cape Coral-Fort Myers at No. 6 with one in 82 homess in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homeds in foreclosure; and Miami-Fort Lauderdale-Pompano Beachu at No. 10 with one in 105 homeds in foreclosure.