The Real Deal Miami

Slight improvement in Florida foreclosure data still leaves state battered

November 12, 2009 03:46PM

Florida remains the third-worst state in the nation for foreclosure rates, but for the first time since July 2006, year-over-year foreclosure filings decreased statewide in October. Irvine, Calif.-based RealtyTrac said 4 percent fewer Florida homeowners received notices that lenders wanted to take back their homes than in October 2008. In Miami-Dade and Broward counties, the number of foreclosures decreased 3 percent and 2.93 percent year-over-year, respectively. Palm Beach, however, saw 3,350 filings in October, 55 percent more than in October 2008, but RealtyTrac said that may have been due to court-processing delays. [Palm Beach Post]