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December 11, 2013

Florida leads the nation in foreclosure activity

Florida was still No. 1 in foreclosure activity in November, and Miami ranked No. 1 among large metro areas, RealtyTrac said.

Florida remained the No. 1 state for foreclosure activity in November, and Miami ranked No. 1 among large metropolitan areas, according to RealtyTrac.

Despite the ranking, Florida posted a 23-percent decline in foreclosure activity compared with November 2012. Foreclosure activity includes default notices, scheduled auctions and bank repossessions.

One of every 244 residences in Miami-Dade and one of every 400 residences in Broward received some type of foreclosure filing during November, RealtyTrac, an Irvine, Calif.-based data firm said.

That marked a 17.7 percent drop in foreclosure activity in Miami-Dade and a 16.3 percent decline in Broward compared with a year earlier.

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