Make us your home page
Instagram

Foreclosure filings rise again in Tampa Bay area

Foreclosures continue to bruise Tampa Bay's limping housing market, with foreclosure starts, auctions and repossessions last month growing 25 percent over August 2011.

Tampa Bay saw more than 2,000 foreclosure starts, nearly 300 more than the previous August, new data from RealtyTrac shows. Nearly 1,000 Tampa Bay homes were repossessed, twice as many as August 2011.

The lone bright spot was Hillsborough County, where foreclosure filings slid 10 percent compared to a year earlier.

All other Tampa Bay counties saw their filings spike, with Pinellas filings climbing 65 percent and Hernando's doubling in a year.

Months of court delays and the aftermath of the robo-signing scandal have drawn out banks' aggressive push to foreclose on homes deeply behind on payments.

But real-estate agents see the continued foreclosures as a stabilizing force for the housing market, clearing the logjam of distressed homes and opening them up to sale.

Though foreclosure filings have slid 15 percent nationwide over the last year, they remain an anchor in Florida, where the foreclosure rate jumped last month from third highest to second highest in the nation.

Florida saw nearly 15,000 foreclosure starts last month, a growth over August 2011 of 26 percent. Banks repossessed more than 5,000 homes, 12 percent more than last year.

Contact Drew Harwell at (727) 893-8252 or dharwell@tampabay.com.

August foreclosure filings

Foreclosure filings in August Percent change from July Percent change from August 2011

Nation 193,508 0.8 -15.1

Florida 27,422 7.3 16.3

Tampa Bay 4,390 -13.4 25.2

Hillsborough 1,753 -21.3 -11.3

Pinellas 1,342 -18 65

Pasco 890 3.7 73.5

Hernando 405 17 100.5

Source: RealtyTrac

Foreclosure filings rise again in Tampa Bay area 09/13/12 [Last modified: Thursday, September 13, 2012 8:36am]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Airbag maker Takata bankruptcy filing expected in Japan, U.S.

    Corporate

    DETROIT — Japanese airbag maker Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of faulty air bag inflators.

  2. Federal agencies demand records from SeaWorld theme park

    Tourism

    ORLANDO — Two federal agencies are reportedly demanding financial records from SeaWorld.

    Killer whales Ikaika and Corky participate in behaviors commonly done in the wild during SeaWorld's Killer Whale educational presentation in this photo from Jan. 9. SeaWorld has been subpoenaed by two federal agencies for comments that executives and the company made in August 2014 about the impact from the "Blackfish" documentary. 
[Nelvin C. Cepeda/San Diego Union-Tribune/TNS]
  3. Legalized medical marijuana signed into law by Rick Scott

    State Roundup

    TALLAHASSEE — Gov. Rick Scott on Friday signed into law a broader medical marijuana system for the state, following through on a promise he made earlier this month.

    Gov. Rick Scott signed legislation on Friday that legalizes medical marijuana in Florida.
  4. Line of moms welcome Once Upon A Child to Carrollwood

    Business

    CARROLLWOOD — Strollers of all shapes and sizes are lined up in front of the store, and inside, there are racks of children's clothing in every color of the rainbow.

    At Once Upon A Child, you often as many baby strollers outside as you find baby furniture and accessories. It recently opened this location in Carrollwood. Photo by Danielle Hauser
  5. Pastries N Chaat brings North India cuisine to North Tampa

    Business

    TAMPA — Pastries N Chaat, a new restaurant offering Indian street food, opened this week near the University of South Florida.

    The menu at Pastries N Chaat includes a large variety of Biriyani, an entree owners say is beloved by millions. Photo courtesy of Pastries N Chaat.