• Florida foreclosures decline 17 percent in 3rd quarter

    Updated:

    ORLANDO, Fla. - Florida's foreclosure activity has declined 17 percent in the last year.
     
    The research firm Realty Trac said Thursday that 1 in every 186 homes in Florida had a foreclosure filing in the third quarter of this year.
     
    That still gives Florida the nation's second-highest foreclosure rate. New Jersey had the highest rate.
     
    Realty Trac said foreclosure starts in Florida were down 28 percent from a year ago, and scheduled foreclosure auctions were down 46 percent year-over-year.
     
    But banks repossessions in Florida increased by more than a third from a year ago.


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