Foreclosures Decline, But Not in Florida

Foreclosures declined for the third straight month, while conditions worsened in Florida. Out of the 313,841 foreclosure filings on U.S. homes last month, RealtyTrac reported that Florida filings increased to 51,550 from 50,685 the previous month.

The Irvine, Calif., foreclosure listing service said filings included default notices, auction sale notices and bank repossessions. The findings were based on data collected from more than 2,200 U.S. counties that include more than 90 percent of the country's population.

Florida is now No. 2 with one-in-171 housing units in foreclosure from one-in-174, unseating the previous month's No. 2 Arizona, where the rate improved to one foreclosure for each 189 housing units from one-in-169.

Completed foreclosures were highest in California at 13,001, though that was an improvement from 15,946 the prior month. No. 2 Florida, however, rose to 12,936 from 10,941

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