The Real Deal Miami

South Florida leads nation in foreclosures

RealtyTrac says region's 2013 activity outpaced all metro areas

foreclosuresSouth Florida had the dubious distinction of leading the nation in foreclosure activity in 2013.

The latest report from Irvine, Calif.-based RealtyTrac shows the region had a year-end foreclosure rate of 3.9 percent, which ranked highest among large metropolitan areas. With 96,710 foreclosure actions, judgments or repossessions, South Florida had a six percent increase in foreclosure activity from 2012. Seven other Florida metro areas ended up having a foreclosure rate that ranked in the top 10 nationally last year.

Florida’s 3.01 percent foreclosure rate was higher than all other states in 2013. The state had 269,649 foreclosure-related filings, good for a 3.4 percent drop from 2012. Florida had more than 306,000 properties in some form of foreclosure in December, which accounts for 25 percent of the national total. — Eric Kalis