The Tampa Tribune reported that the Tampa, Fl area is now number two in the nation in foreclosures. This is unbelievable news, knowing how hot our market was just 4 years ago. According to the statistics Tampa had the most filings in September, 2008, then the rest of the Bay area.
TAMPA – Florida leapfrogged California and Arizona to seize the nation’s second-highest rate of foreclosure filings last month, according to California-based market researcher RealtyTrac. Here’s a look at the most recent numbers:
1 in 178 Housing units in Florida that received a foreclosure filing of some kind in September, ranging from early-stage notices of payment default to bank repossessions
47,956 Foreclosure filings in Florida in September, a 9 percent jump over August. Compared with the same month last year, foreclosures soared 44 percent.
4,663 Foreclosure filings in Hillsborough County (Tampa, Brandon, Lutz, Riverview,) last month, a 146 percent increase over August. (It wasn’t immediately clear what caused the huge jump.)
1,873 Foreclosure filings in Pinellas County (Clw, St. Pete, Palm Harbor), a 9 percent slide.
1,175 Foreclosure filings in Pasco County (Land O’Lakes, Wesley Chapel, New Port Richey), a 28 percent jump