We continue to see roller coaster ride of foreclosure data across the country. Florida was second in the nation in preforclosures and bank-repossessions through the first six months of the year, according to a report by Foreclosures.com.
Florida reported 225,170 preforclosure filings from January to June, which compares with 256,133 filings in the same period in 2008. Meanwhile, 53,548 Florida homes were repossessed by banks or lenders in the first six months of this year. That compared with 43,845 repossessions in 2008’s first six months. That is a 22.13% increase in repossessed homes from 2008 to 2009.
Florida trailed only California, which posted 266,210 preforeclosures and 97,692 completed foreclosures in the first half of 2009. Illinois finished a distant third with 36,639 preforeclosures and 12,729 repossessions.
Nationwide, a total of 1 million preforeclosures posted in the first half of this year, along with 435,967 bank repossessions. Preforeclosures were 10 percent lower than the same period a year ago, while completed foreclosures were 11 percent down.