The number of new foreclosure filings in the Tampa Bay area jumped in April, with only Hernando County seeing a decline from the same month a year earlier.
According to the real estate data collector ATTOM Data Solutions, filings dropped 7.7 percent in Hernando but rose 9.15 percent in Hillsborough, 15.6 percent in Pinellas and a whopping 112 percent in Pasco.
The filings, which include notices of default and repossessions, ranked Pasco ninth among Florida's 67 counties in the ratio of new foreclosure actions to the total number of households with mortgages. Due to its comparatively small population, Hernando ranked sixth despite the year-over-year drop in filings. Hillsbourgh ranked 14th and Pinellas 25th. Wakulla and Henry countries ranked first and second, respectively.
Nationwide, new foreclosure activity decreased 13 percent in April although some states saw sharp increases. "There are still parts of the country that we need to keep an eye on,'' said Todd Teta, ATTOM's chief product officer. "For instance, Florida is seeing a steady annual increase in total foreclosure activity for the eighth consecutive month.''
On an annualized basis, foreclosure starts in Florida jumped 34 percent.
Contact Susan Taylor Martin at [email protected] or (727) 893-8642. Follow @susanskate.