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Florida again leads the nation in foreclosures

Even as the country's housing market heals, Florida's foreclosures remain a black eye, pushing the state again to lead the nation in home repossessions.

Over the 12 months ending in May, 103,000 Florida homes were seized through foreclosure, CoreLogic data released Tuesday show.

California, another state hard hit by the housing crisis, saw 76,000 repossessions over the same time. Recent data for Tampa Bay was not available.

Nearly 9 percent of all Florida homes with mortgages were in some stage of foreclosure, down from 12 percent a year ago, but still leading the country.

The housing bust's crippling loan defaults have slowed, but many Florida homes have yet to complete their foreclosure due to slowdowns by banks or courts.

Nationally, 52,000 homes were repossessed in May, a 27 percent decrease over the year before.

More than 4 million American homes have been seized through foreclosure since September 2008.

Times staff

Florida again leads the nation in foreclosures 07/09/13 [Last modified: Wednesday, July 10, 2013 1:56am]
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