Florida tops in preforeclosure activity

Florida had the highest number of preforeclosure filings in the month of February, according to a report from Foreclosures.com. The state had 53,173 preforeclosures in February, up 23.5 percent from the 43,070 reported in January and 5 percent higher than the 50,633 in December. Florida also reported 14,243 bank/lender repossessions — known as real estate owned filings — in February, up 42.3 percent from January’s 10,007. That put Florida at No. 2 in the nation for bank repossessions, trailing only California.

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