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Still No. 1 in nation, but foreclosures drop sharply in Florida

Foreclosure activity in Florida has decreased 30 percent from the same time last year, but the Sunshine State continues to have the nation's highest foreclosure rate, the AP reports. Foreclosure figures released Thursday by the research firm RealtyTrac show that one out of 469 Florida homes had a foreclosure filing last July. That's more than 21/2 times the national average.

Florida cities had eight out of the 10 highest metro foreclosure rates in July. In the top spot was Ocala, followed by Orlando, the Space Coast, Lakeland, South Florida, Port St. Lucie, Tampa and Fort Myers.

Still No. 1 in nation, but foreclosures drop sharply in Florida 08/14/14 [Last modified: Thursday, August 14, 2014 6:44pm]
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