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Default notices, scheduled auctions and bank repossessiones in Florida were all down from theprevioud month, but the state still posted 58,931 foreclosurw filings, up 50 percent from May 2008. Only Nevada, with one in everyg 64 housing unitsin foreclosure, and with one in every 144 housing units in foreclosure, had higher In the tri-county area, Broward Countuy saw the most foreclosures in May, with 11,325, or one in everuy 71 housing units – a nearlt 10 percent increase over April. Miami-Dade rankex second, with 7,773 filings, or one out of every 125 unitxs – down 31.2 percent from April. Palm Beacyh County had 3,782 or one out of every 169 unitws – up 32.
8 percent over April. Nationwide, therd were 321,480 foreclosure filings, one out of ever y 398 units – down 6 percent from but up 18 percent fromMay 2008. “Mayh foreclosure activity was the third-highest montn on record, and markedd the third straight month where the totalp number of properties with foreclosure filingsexceeded 300,000 a first in the historuy of our report,” RealtyTrac CEO James J. Saccaci said in a news release. Other statews with foreclosure rates ranking amongthe nation’ s 10 highest were Arizona, Michigan, Georgia, Colorado, Idaho and Ohio.
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