Thursday, June 29, 2006

Florida Foreclosure Rates Up

National U.S. foreclosures increased less than 2 %from April to May 2006, but are up 28 % from May 2005.

Florida had the eighth highest rate, with an increase of more than 6 % and 8,898 properties entering some state of foreclosure -- more than every state except Texas.

The situation is particularly acute in Florida, foreclosure filings had increased 42.55 % in the first quarter of 2006 over the fourth quarter of 2005.

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