Florida Foreclosure Listings Still Surging Dramatically
Florida foreclosure listings are still surging dramatically. In May, bank repossessions spiked by 81 percent over the year to nearly 11,000 REO units in the state.
Florida foreclosure listings are still surging dramatically. In May, bank owned listings spiked by 81 percent over the year to a total of 10,941 repossessed homes. The REO number also marked an increase of 18 percent from April and a sharp jump of 27 percent from March.
The rates of increases in Florida were far higher than those of the entire nation, as foreclosure homes for sale nationwide increased by only one percent over the month and jumped by 44 percent over the year to 93,777 REO units.
By Cassiano Travareli