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Initial foreclosure filings hit 22-month high in August in South Florida

September 17th, 2012 Written By Carol Pawley

According to a new report from foreclosure analytics firm RealtyTrac South Florida foreclosures rose 49% from July to August and 12% over the same period in 2011.

The largest increase came from initial filings, the first step in the foreclosure process, with 110% rise from July to August. The single-highest initial filings total since November 2010.

There were 5,276 initial filings last month, up from 2,515 in July.

There were an overall total of 9,238 properties with foreclosure filings in South Florida in August, after just 6,207 in July. That was compared to a total of 8,193 filings in August 2011. Nationally, foreclosure filings increased by 1 percent from July but fell by 15 percent from August 2011.

Are you surprised by this new report? Share your thoughts.

 

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