Tampa Area 2008 Foreclosure Filings Up 123%

As the economy worsened in 2008, more Tampa area homeowners found themselves facing trouble. The number of foreclosure filings rose 123 percent compared with 2007. Hillsborough, Pasco, Pinellas and Polk counties combined had 53,630 filings, according to California-based RealtyTrac. The area's foreclosure rate ranked 13th among all metro areas nationwide and eighth in the state. Four percent of all properties in the area received a foreclosure filing - default notice, auction sale notice or bank repossession - in 2008.

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