Advertisement
  1. News
  2. /
  3. Business

Tampa Bay has lower foreclosure rate than several other Florida cities

Lenders repossessed nearly 300 bay area homes in July.
Notice on a foreclosed house in St. Petersburg.
Notice on a foreclosed house in St. Petersburg. [ MARTIN, SUSAN TAYLOR | Tampa Bay Times ]
Published Aug. 26, 2019
Updated Aug. 26, 2019

Tampa Bay’s foreclosure rate ranked 23rd among major metro areas in July. According to the real estate data firm ATTOM Data Solutions, the bay area had 1,043 homes in some stage of foreclosure that month, including 299 that had gone through the foreclosure process and had been taken back by the lender.

Several places in Florida, including Jacksonville, Orlando and Lakeland, had higher foreclosure rates than Tampa Bay. Atlantic City, N.J. ranked highest and Boise, Idaho lowest among the 222 metro areas included in the survey. Nationwide, there were 21 percent fewer homes with foreclosure filings in July than in the same month a year ago.