Broward County foreclosures declined in April from a year ago, but the county still posted Florida's third-highest foreclosure rate, RealtyTrac Inc. said Thursday.
There were 7,134 Broward homes and condos in some stage of foreclosure last month, down 31 percent from April 2009. One in every 113 units in the county received a filing.
Palm Beach County had far fewer filings in April – 3,037 – but that was a 7% increase from a year ago.
Florida posted the nation's third-highest foreclosure rate, despite an annual decrease in activity. Nationally, foreclosures fell 2% from a year ago. It was the first annual decline in the five-year history of the report from the Irvine, Calif.-based foreclosure tracking firm.
Still, bank repossessions nationally hit a record monthly high of 92,432.
Overall foreclosure activity appears to be leveling off but likely will remain high in the near future, RealtyTrac says.
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