The Real Deal Miami

South Florida leads nation in foreclosures

But RealtyTrac report shows activity declines in region
December 12, 2013 12:00PM

foreclosureDespite its improving real estate market conditions, South Florida had the most foreclosure activity of any large metropolitan area in the nation last month.

Yet, Irvine, Calif.-based RealtyTrac says foreclosure filings are dropping in the region and statewide, the Miami Herald reported. One of every 244 homes in Miami-Dade County was in some stage of foreclosure last month, a decline of nearly 18 percent from November 2012. One of every 400 homes in Broward County fell in the same category for a 16 percent drop from a year ago.

Florida had a 23 percent year-over-year decline in foreclosure activity last month.

RealtyTrac includes initial defaults, scheduled auctions and lender repossessions in its monthly reports. [Miami Herald]Eric Kalis