Monday, October 22, 2007

Financial Woes Drag Neighborhoods Down

The Sunshine State's foreclosure rate of one filing for every 248 households is second only to Nevada. In Hillsborough, Pasco and Pinellas counties, the number of foreclosure filings through September was 19,226, up nearly 131 percent compared with the same period last year, according to RealtyTrac, a California company that tracks foreclosures. That's up from 9,476 in 2005, the first year the company began its reporting. Just last month, there were 4,365 filings in the three counties, and lenders took the keys back from 502 homeowners.

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