The Real Deal Miami

Three Florida cities in top 10 by foreclosure

May 14, 2008 12:16PM

Florida accounted for three of the top ten U.S. cities by foreclosure rate in April, according to a monthly report by research firm RealtyTrac. Cape Coral-Fort Myers ranked fifth, while Port Lucie-Fort Pierce ranked ninth and Fort Lauderdale ranked tenth. Florida had 3,734 properties taken by a lender and 35,264 homes in some stage of foreclosure in April, a higher amount than any other state except California. Florida homes in some stage of foreclosure were up 16.6 percent from March, and up 146.3 percent from April 2007. TRD