May 2012 foreclosure report: Florida among states with largest increase in scheduled foreclosures

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Photographer: Lannis Waters, Palm Beach Post
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Posted: 06/14/2012

By: Ashleigh Walters

WEST PALM BEACH, Fla. -- New foreclosure numbers were released overnight by RealtyTrac from its May 2012 U.S. Foreclosure Market Report. The numbers reflect what's happening across the nation, the state of Florida, and locally in South Florida neighborhoods.

According to the report, nationwide, Florida is among the states with the largest increase in scheduled foreclosures -- an increase of 83 percent since last year. Experts say figures could be inflated due to a backlog of issues from robo-signing.

RealtyTrac says more than 200,000 new foreclosures have been filed across Florida, at an average sales price of $120,500.

The report suggests Palm Beach County is second in foreclosure activity only to Miami-Dade. "Activity" refers to new cases of filings, default notices, auctions and repossessions.

While May had an increase in foreclosures since April across the country by about 9 percent, the numbers are still down 4 percent since this time last year.

To look more closely at RealtyTrac's report of local counties and local neighborhoods, scroll down to the bottom of the page to use an interactive map: (no access mobile)

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May 2012 foreclosure report: Florida among states with largest increase in scheduled foreclosures

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