South Florida Business Journal reports today foreclosure activity in Florida fell by nearly 10 percent in November, but it was still high enough to hold the No. 2 spot in the nation, according to a report released Thursday by RealtyTrac.
Three Florida cities were in the top ten list of cities. Cape Coral-Ft. Myers claimed the No. 1 spot in foreclosure activity among the top 100 metropolitan areas. Fort Lauderdale was seventh and Port Lucie-Fort Pierce was eighth in foreclosure activity.
Despite a decrease of 9.45 percent in foreclosure activity from October, it was 68 percent higher than November 2007 activity.
Only Nevada which recorded 49,190 foreclosure filings beat out Florida, according to RealtyTrac, an Irvine, Calif.-based online marketplace that tracks foreclosure activity. Following Florida was Arizona, California, Michigan, Georgia, Ohio, Colorado, Utah and Idaho.
