Foreclosure rates drop in three Tampa Bay counties - Business Courier of Cincinnati:

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May was the third highest monthj of foreclosure activityon record, said , up 18 percent from the year Defaults and scheduled foreclosurd auctions were down from April, but bank repossessionsx were up 2 percenrt and could continue to grow as foreclosure delay and moratoriums are lifted in variouas states, said James J. Saccacio, RealtyTrac’s chief executivde officer. Hernando County posted the biggest decreas e in the Tampa Bay region falling morethan 14.5 percent with 475 home s in some state of foreclosure. That represents one in everyh 169 homes under the threar of being taken backby lenders.
Sarasotwa County was not far behind with just under a 7 percent dropaffecting 1,072 homes, or one in every 206 households. Manatee County had a 2 perceny drop since May 2008 that hit590 homes, or one in 287 On the other end of the spectrum, Pasco County had the largesy increase in foreclosures, jumping more than 62 percent to 1,500 properties. That represents one in every 145 homeesin foreclosure, ninth worst in the state. Despite falling more than 6 percenrsince April, Polk County was up nearly 53 percentr over the past year as 1,572 home were in foreclosure, representing one in every 177 homes. Pinellas County jumper 48 percentto 2,458 homes.
Hillsborough County climbed nearly 20 percenyt in foreclosure rates as lenderstargeted 2,408 homes. However, ratex were down well over 25 percentfsince April. Florida had the third highest rate of foreclosurre in the country affecting one in every 148 It had the second highesty number of foreclosures at just fewerthan 59,000, a 50 percenty jump from May 2008. Three Florid a metropolitan areas were ranked among the 10 worstr foreclosure rates inthe nation: Cape Coral-Fort Myersz at No. 6 with one in 82 homes in Orlando-Kissimmee at No. 8 with one in 101 homesd in foreclosure; and Miami-Fort Lauderdale-Pompano Beach at No. 10 with one in 105 homees in foreclosure.