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August Home Foreclosure Filings Drop Slightly

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By SHANNON BEHNKEN

The Tampa Tribune

Published: September 12, 2008

TAMPA - The number of Florida homes with foreclosure filings - default notices, auction sale notices and bank repossessions - fell a bit in August but is still up nearly 30 percent compared with the same month last year.

The Sunshine State had foreclosure filings on 44,000 properties in August, a 4 percent drop from July, according to data from California-based RealtyTrac. The state posted the second-highest number of filings.

At that rate, one in every 194 of the state's properties received a filing - the fourth-highest foreclosure rate among all states.

California, Florida and Arizona together accounted for more than half of the nation's foreclosure activity.

One-third of U.S. foreclosure activity was in California, which saw 101,724 filings - the most in any state. California's foreclosure activity increased more than 40 percent from the previous month and more than 75 percent from August 2007.

Foreclosure filings were reported on 14,333 Arizona properties in August, the nation's third-highest state total. Arizona foreclosure activity was up 7 percent from the previous month and nearly 63 percent from August 2007.

Other states with total properties with foreclosure filings among the 10 highest were Michigan, Nevada, Ohio, Texas, Illinois, Georgia and New Jersey.

Nationwide, one in every 416 U.S. households received a foreclosure filing in August. There were foreclosure filings on 303,879 U.S. properties, a 12 percent increase from the previous month and a 27 percent increase from August 2007.

Reporter Shannon Behnken can be reached at (813) 259-7804 or sbehnken@tampatrib.com.

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