Florida Leads The Country In April Foreclosures

Statistics released have shown that the State of Florida is right there at the very top of the foreclosure rates this April. Even though, the rates of foreclosure showed a decrease compared with the figures of April last year that has not stopped Florida from emerging tops. RealtyTrac, a research firm, released the details of the report. The figures revealed that the current rates fell by 9% as against last year but the state clearly has the highest number of foreclosures in the country.
In order to appreciate the scope of the issue on the ground, figures released by RealtyTrac showed that one in 400 homes in Florida had actually filed for a foreclosure in April. The research was done to cover metropolitan areas in the United States that had over 200,000 residents. When the final figures came in, it was discovered that 11 of the 20 cities that had the highest rates of foreclosure were located in the Sunshine State.
A deeper look at the survey showed that Orlando was the undisputed champion of foreclosure while runners-up included the Daytona Beach Area, Jacksonville, Metro Tampa, South Florida and the Space Coast area. Others that also got mentioned Metro Sarasota and Lakeland.