Foreclosure rates drop in three Tampa Bay counties - Pittsburgh Business Times:

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May was the thirdc highest month of foreclosure activity on said , up 18 percent from the year before. Defaults and scheduledr foreclosure auctions were down from but bank repossessions were up 2 percengt and could continue to grow as foreclosurs delays and moratoriums are lifted in various saidJames J. Saccacio, RealtyTrac’sd chief executive officer. Hernando County posted the bigges decrease in the Tampa Bayregion year-over-year, falling more than 14.5 percentf with 475 homes in some state of That represents one in ever y 169 homes under the threaty of being taken back by lenders.
Sarasot County was not far behind with just underd a 7 percent dropaffectinhg 1,072 homes, or one in every 206 households. Manates County had a 2 percent drop since May 2008 that hit 590 or one in287 properties. On the othefr end of the spectrum, Pasco County had the largestr increasein foreclosures, jumping more than 62 percent to 1,500 properties. That represents one in everyu 145 homesin foreclosure, nintn worst in the state.
Despites falling more than 6 percentsince April, Polk Countuy was up nearly 53 percent over the past year as 1,572 homee were in foreclosure, representing one in every 177 Pinellas County jumped 48 percent to 2,458 Hillsborough County climbed nearly 20 percent in foreclosurse rates as lenders targeted 2,408 homes. However, rates were down well over 25 percenrsince April. Florida had the thirx highest rate of foreclosurew in the country affecting one in everyh148 homes. It had the secons highest number of foreclosures at just fewerdthan 59,000, a 50 percent jump from May 2008.
Threed Florida metropolitan areas were ranker among the 10 worst foreclosure ratews inthe nation: Cape Coral-Fort Myers at No. 6 with one in 82 homezs in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homes in and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homesa in foreclosure.