South Florida and other parts of the state are seeing a flood of foreign investors, he said, along with a more robust economy.
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But Georgia had the fifth largest number of completed foreclosures in November, reported California-based RealtyTrac.
Florida posted a 30 percent decline in filings, but still ranked third in the nation, with one in every 662 homes subject to foreclosure. “This also means the share of active foreclosures tied to bubble-era loans is shrinking”.
The monthly drop was caused mostly by a 10-year low in foreclosure starts, with just 41,208 properties starting the process for the first time in November.
But foreclosure starts fell 36 percent from past year, the fourth straight month of annual decreases.
Maryland had the highest concentration, with one home in foreclosure for every 516.
If you are on the hunt to buy a home in Colorado, one sign you are not too likely to see is “foreclosure”.
Unintended consequences: “It was the second consecutive month that Maryland led the nation in [the rate of] foreclosure filings, RealtyTrac said”. This represents a 10 percent decline from October and a seven percent drop from November 2014.
Two New Jersey metropolitan areas, Atlantic City and Trenton, had the highest US metro foreclosure rates in November, RealtyTrac data showed on Thursday. Atlantic City maintained the top spot even though overall activity was down 16 percent from the previous month and down 6 percent from a year ago. Increased competition from new casino venues along the East Coast, meanwhile, has been devastating to Atlantic City, which once had a regional monopoly on legal gambling.
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Foreclosure starts rose 13 percent to 830 in November, from 732 for the same month a year ago, according to the report from RealtyTrac, which monitors foreclosure activity state-by-state and markets distressed properties. Tampa was sixth, with one in every 512; Jacksonville was ninth, with one in every 552; and Daytona Beach was 10th, with one in every 567.
