FLORIDA STILL HIGHEST IN NATION FOR FORECLOSURES; FILINGS UP IN COLLIER COUNTY

The state of Florida posted the highest foreclosure rate in the U.S. for the seventh consecutive month in April, according to a study released today by housing analytics company, RealtyTrac (www.realtytrac.com/content/foreclosure-market-report/april-2014-us-foreclosure-market-report-8059). One in every 400 housing units in Florida had a foreclosure filing during the month, nearly three times the national average. Even so, foreclosure activity in the state was down 21 percent from a year ago. Collier County bucked the trend. In Collier County in April, 232 properties were involved in foreclosure actions—default notices, auctions or bank repossessions. That marked an increase of 42 percent from April 2013, when 163 properties were in foreclosure. By contrast, foreclosure activity was stable or down in Lee and Charlotte counties in April. In Lee County, 569 homes faced foreclosure actions, a decrease of less than 1 percent from the year before. Charlotte County reported foreclosure filings for 182 properties, down almost 13 percent from April 2013.