The Real Deal Miami

Florida No. 2 in foreclosure

October 24, 2008 10:05AM

Florida ranked second, only to Nevada, in the number of homes going into default last month, according to the latest report from RealtyTrac. The state made a 9 percent leap over the month, bypassing Arizona and California. One in every 178 housing units in Florida received a foreclosure filing in September, for a total of 47,956 properties going back to lenders. That’s up 44 percent from September 2007. Fort Lauderdale ranked fifth out of the top 100 metropolitan cities with the highest number of foreclosures. The report finds 18,316 filings there, up 17.7 percent from the previous month and up a whopping 95.5 percent from the third quarter of 2007. Miami ranked 13th with 14,050 foreclosures, representing a drop of 7.93 percent from the second quarter, but an increase of 37.3 percent from the same quarter last year.