Miami still leads in foreclosure filings

Being No. 1 isn’t always so cool.

The Greater Miami area, including Fort Lauderdale and Pompano, posted the highest foreclosure rate of the nation’s 20 largest metropolitan areas in the first quarter, RealtyTrac said.

Despite a 25-percent plunge in foreclosure activity year over year, one of every 106 residences in Greater Miami received some sort of foreclosure filing in the first quarter, according to the Irvine, Calif.-based data firm. That’s more than 10 times the overall U.S. rate of one in every 1,121 residences.

Among the 20 largest metro areas, Tampa ranked No. 2, followed by Chicago; Riverside, Calif.; and Baltimore.

Florida had the highest foreclosure rate of any state in the first quarter, with one in 129 homes receiving some type of foreclosure activity, which includes default notices, auction notices and bank repossessions.

Florida’s first-quarter foreclosure rate fell 19 percent from a year ago and was down less than one percent from the prior quarter, RealtyTrac said.

Read more Business stories from the Miami Herald

Miami Herald

Join the

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category