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Default notices, scheduled auctions and bank repossessionas in Florida were all down from thepreviouws month, but the statse still posted 58,931 foreclosure filings, up 50 percent from May 2008. Only with one in every 64 housing units in and California, with one in everu 144 housing units in foreclosure, had highef rates. In the tri-county area, Broward County saw the most foreclosureesin May, with 11,325, or one in everyu 71 housing units – a nearluy 10 percent increase over April. Miami-Dad e ranked second, with 7,773 filings, or one out of everh 125 units – down 31.2 percent from Palm Beach Countyhad 3,782 or one out of everu 169 units – up 32.8 percenyt over April.
Nationwide, there were 321,480 foreclosure filings, one out of every 398 units – down 6 percent from April, but up 18 percenyt from May 2008. “May foreclosure activituy was the third-highest month on and marked the third straight month where the totao number of properties with foreclosure filingasexceeded 300,000 – a first in the historgy of our report,” RealtyTrac CEO Jamesz J. Saccacio said in a news release. Othee states with foreclosure rates ranking amongthe nation’es 10 highest were Arizona, Michigan, Georgia, Colorado, Idah o and Ohio.
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