Foreclosures Grow In Florida, Dallas/Ft. Worth
A study on foreclosures has some surprising data on Florida. "For the second month in a row, Florida had the highest rate of foreclosures, more than two and a half times the national average. Nearly 17 percent of all March foreclosures took place in Florida. There was one foreclosure for every 692 Floridian households."
Bad news for the Dallas/Ft. Worth metro area as well. "In Texas, more than one third of March foreclosures took place in just two counties: Dallas, with 18 percent, and Tarrant (Ft. Worth), with 15.3 percent. In each of these counties, the foreclosure rate was more than three and one-half times the national average and over one and one-half times the average in Texas."
"'Our March data includes approximately 62,422 new properties in some stage of foreclosure – a 17 percent increase from February,' said Jim Saccacio, CEO of RealtyTrac."