Number of foreclosures continues to climb in Bay area counties

Tampa Bay area home foreclosures rose 22 percent in the first quarter of the year to 11,238 filings, compared to 9,201 in the same period last year. Despite the year-over-year quarterly increase, foreclosures in the first three months in Hillsborough, Pinellas, Pasco and Hernando counties declined from the fourth quarter of 2008, according to RealtyTrac, an Irvine, Calif.-based firm that tracks foreclosures. Florida had the nation’s fourth highest first-quarter foreclosure rate, behind Nevada, Arizona and California. Florida’s total was the second highest in the nation with 119,220 foreclosures, up 36 percent from the same quarter in 2008. One in every 73 houses in Florida received a foreclosure filing, compared to one in 159 houses in the nation. In Hillsborough, that number was one in 68; it was one in 99 in Pinellas; one in 83 in Pasco; and one in 66 in Hernando.

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