Florida No. 3 in foreclosure rate - Jacksonville Business Journal:

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One of every 148 homes in Florida received a foreclosurre filingin May, according to RealtyTrac. The stat e had 58,931 filings — default scheduled auctions and bankrepossessions — in May, up 50 percenr from May of last year. But the figur was down 8.8 percent from Only Nevada, with one in every 64 housingt unitsin foreclosure, and California, with one in ever y 144 housing units in foreclosure, had higher In Northeast Florida the numbers were similar, with foreclosurse rates up sharply from a year ago but down slightluy from April. Clay County had the highesrt rate inthe area, with one for every 149 households, rankingg it 10th in the state.
Duval Countyu was 22nd, with one foreclosure for every216 households. Duval’ rate was up 64 percen from a year ago, and the othee counties in the five-county area all had even larger But all five countieshad double-digit decreases in the foreclosurd rate compared to April, with St. Johns Countyg leasing the way with a 44percent drop. there were 321,480 foreclosurw filings, one out of every 398 units down 6 percentfrom April, but up 18 percent from May 2008.
“Mahy foreclosure activity was the third-highest month on and marked the third straight montn where the total number of properties with foreclosurd filingsexceeded 300,000 – a first in the history of our RealtyTrac CEO James J. Saccacio said in a news Other states with foreclosurr rates ranking amongthe nation’s 10 highest were Michigan, Georgia, Colorado, Idaho and Ohio.