Foreclosure rates in Lakeland, Sarasota, Tampa continue to grow

Ten of the nation’s top 25 metropolitan areas ranked by foreclosure rates in the first half of this year are in Florida. Tampa-St. Petersburg, Sarasota and Lakeland are among the 10. While Las Vegas-Paradise has the highest rate in the nation with one in every 13 homes facing foreclosure, Florida and California dominate the top 25. Cape Coral-Fort Myers is tops in Florida and finished second in the nation with one in every 14 homes in foreclosure. The Orlando-Kissimmee area is second in the state with one in every 23 homes in foreclosure and just made the top 10 in the nation. It’s followed by Port St. Lucie at No. 11, Naples-Marco Island at No. 12, Miami-Fort Lauderdale-Pompano Beach at No. 14 and Deltona-Daytona Beach-Ormond Beach at No. 19. In the Tampa Bay area, Lakeland had the highest foreclosure rate with one in every 37 homes facing foreclosure, representing 7,407 properties and placing Lakeland No. 21 in the nation. Sarasota-Bradenton-Venice was right behind with one in every 38 homes facing foreclosure, good for No. 22 in the nation. Tampa-St. Petersburg-Clearwater finished No. 23 in the nation with one in every 39 homes facing foreclosure, representing 33,906 properties.

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