According to the national tracking firm RealtyTrac, the total number of homeowner foreclosures rose nationally by 75 percent in 2007. At 280,000 foreclosure filings, Florida ranked second among all states, eclipsed only by California's 480,000 filings.
The Sunshine State is home of five of the top 25 metro areas affected by home foreclosures. Leading the way in Florida was Ft. Lauderdale, ranked eigth, with one in every 73 homes receiving some sort of foreclosure filing. Orlando ranked 13th, Miami 14th, and Sarasota-Bradenton 15th. The Tampa-St Petersburg-Clearwater area came in at 21st.
This situation is not expected to improve anytime soon. According to RealtyTrac, in the first quarter of this year, 66,000 Florida homes underwent some form of foreclosure action — a 178 percent increase from last year. “We really don't see any indication that the rate of activity will come down soon,” said RealtyTrac Vice President Rick Sharga.
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