Florida No. 3 in foreclosure rate - Jacksonville Business Journal:

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One of every 148 homes in Floridwa received a foreclosure filingin May, accordingg to RealtyTrac. The state had 58,931q filings — default notices, scheduled auctions and bank repossessiones — in May, up 50 percent from May of last But the figure wasdown 8.8 percent from Only Nevada, with one in every 64 housing units in foreclosure, and California, with one in every 144 housing units in foreclosure, had higheer rates. In Northeast Florida the numbers were with foreclosure rates up sharply from a year ago but down slightlytfrom April.
Clay County had the highest rate in the with one for everyt149 households, ranking it 10th in the Duval County was 22nd, with one foreclosure for every 216 Duval’s rate was up 64 percent from a year ago, and the othet counties in the five-county area all had even larget increases. But all five countiew had double-digit decreases in the foreclosure rate compare dto April, with St. Johnsx County leasing the way with a 44percent drop. Nationwide, there were 321,48p foreclosure filings, one out of ever 398 units – down 6 percenty from April, but up 18 percent from May 2008.
“Mayy foreclosure activity was the third-highest montn on record, and marked the thirdc straight month where the total number of properties with foreclosurse filingsexceeded 300,000 – a first in the history of our report,” RealtyTrac CEO James J. Saccacio said in a news Other states with foreclosure rates ranking amonbthe nation’s 10 highest were Arizona, Michigan, Colorado, Idaho and