Broward County Has Florida's Third Highest Foreclosure Rate

Last week, RealtyTrac Inc. reported Broward County had the third-highest foreclosure rate among Florida's 67 counties for the first half of 2010. One in every 21 Broward homes received a foreclosure notice during the January-to-June period.

The county had 37,988 homes in some stage of foreclosure, down 10%  from the second half of 2009. Palm Beach County had 18,083 filings in the first half of the year, essentially unchanged from the second half of 2009. The county had the state's 19th-highest foreclosure rate.

Florida ranked second behind California with 277,073 properties receiving a foreclosure filing. The pace of properties entering foreclosure has slowed as lenders try harder to seek loan modifications and short sales.