Florida Foreclosures, Miami Real Estate

Florida Foreclosures, US Filings Rise 65% in April

“More than 1 million foreclosure homes are forecast for 2008”

“Florida had 35,264 homes reporting at least one foreclosure filing last month, a 146% jump from a year earlier and a 17% hike from March. That translates into a foreclosure rate of one in every 242 households, the fourth-highest in the nation.”

Contributing to the deepening slide in home values was a larger number of U.S. homeowners falling behind on mortgage payments last month, driving the number of foreclosure homes up 65% versus the same month last year, said a research company on Tuesday.

At least 243,353 homes received one foreclosure related filing nationwide in April, up 65% from 147,708 in the same month last year and up 4% since March, RealtyTrac Inc. said.

Among the hardest hit states were Nevada, Arizona, California and Florida with metropolitan areas in California and Florida accounting for nine of the top 10 areas with the highest rate of foreclosure, the company said.

In April one in every 519 U.S. households received a foreclosure filing increasing foreclosure filings in all but eight states.

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