The Real Deal Miami

Florida second in foreclosures

August 13, 2009 01:39PM

The housing crisis may be receding, but Florida retains the dubious distinction of having the second-highest foreclosure rate in the country. Foreclosure data firm RealtyTrac said one in every 154 Florida properties was in some form of default in July, which comes out to 56,486 properties, second only to California’s 108,104 properties in trouble. Arizona and Nevada rounded out the top four slots to account for 57 percent of all foreclosure activity nationwide. Florida foreclosure activity rose 7 percent from the previous month. Broward County had the third highest foreclosure rate in the state, Miami-Dade was No. 7 and Palm Beach County was 29th, the report said.