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Foreclosures bad in Tampa-St. Pete, but not as bad as Miami
By James Thorner
St. Petersburg Times
Published: Nov 15, 2007

When it comes to home foreclosures, Tampa-St. Petersburg Clearwater was rated the 19th worst of 100 major metro areas in the United States.

The firm RealtyTrac in a report released this morning said the region listed 13,562 foreclosure filings on 9,126 properties in the third quarter of this year that ended Sept. 30. That's one filing for every 93 households.

Cities worse off than Tampa-St. Pete include Miami, Fort Lauderdale, Detroit, Phoenix, Las Vegas, Atlanta and San Diego.

The filings don't necessarily mean people are losing their homes. In most cases, RealtyTrac captures households that have defaulted on home loans. Most of the homes escape bank repossession.



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