The Real Deal Miami

Florida among four worst for foreclosure

April 22, 2009 01:01PM

Florida remains among the four worst states in terms of foreclosure
rates and has nine cities in the top 25 hardest hit markets, according
to data from RealtyTrac. Its report said foreclosure woes remain
concentrated in four states — California, Florida, Arizona and Nevada.
The highest rates were found in Las Vegas, Merced, Calif., and the Cape
Coral-Fort Myers of Florida. The Miami-Fort Lauderdale-Pompano Beach
metropolitan statistical area came in at number 22, with 1.26 percent
of homes, or one in every 79, filing for foreclosure. Other Florida
cities include Port St. Lucie, ranked No. 10; Orlando-Kissimmee, ranked
No. 13; Naples-Marco Island, ranked No. 14; Sarasota-Bradenton-Venice,
ranked No. 21; and Tampa-St. Petersburg-Clearwater, ranked No. 23.
[SFBJ] and [Miami Herald]