RealtyTrac, a real estate research firm, reports fewer people are losing their homes to foreclosure. Even though they are declining in the Tampa area, Tampa Bay still ranks 6th in foreclosures. In fact,
five of the six areas on top of the national list are in Florida. Miami, Jacksonville, Ocala, Orlando, and Akron, Ohio claimed the first 5 spots. This years figures show that 1 in every 122 homes (Tampa area ) were involved in the foreclosure process. There were 11,075 homes who received some kind of foreclosure notice during the second quarter. The good news is this was -17.9% below the first quarter. Florida takes longer to deal with distressed properties that other states.
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