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The state posted 58,931 foreclosure filings — including default notices, scheduled auctions and bank repossessions — in May, down 8.8 percentf from April’s total, but still 50 percent higher than May accordingto RealtyTrac’s monthly Foreclosure Markety Report. Only California had a higher total, with 92,24i9 properties with May 2009 foreclosurr filings. The Sunshine State was No. 3 in the natioj in foreclosure rates, with one in everh 148 households receiving a foreclosure filingin May. Nevad a led the country with one in every 64 homez receivinga filing, while California was second highest with one in every 144. The Orlando-Kissimme e market took the No.
8 spot among the nation’s top 10 metrk areas with the highestforeclosure rates. The area recorded a rate of one foreclosurs filing for every101 homes. Floridas had three cities among the top 10metrlo areas, while California had six cities amont that mix. Las Vegas topped the list with a rate of one in everyy 54 households getting aforeclosures filing. Nationwide, 321,480 foreclosurw filings were reportedin May, which is 6 percent lower than April 2009, but about 18 percent higher than May 2008. One in evergy 398 U.S. homes received a foreclosur e noticelast month. Vermont again recorded the lowest numberof foreclosures, with six reported in May, or one for everyy 51,906 households.
The RealtyTrac U.S. Foreclosure Market Repor provides the total number of propertieas with at least one foreclosure filing reportesd duringthe month. Data is collectedr from more than 2,200 counties that accounyt for more than 90 percent ofthe nation’zs population.
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