South Florida’s foreclosure debacle led the nation in the third quarter, with 58,624 homes in some stage of default, RealtyTrac Inc. said Thursday.
The number of filings in Palm Beach, Broward and Miami-Dade counties rose 25 percent from the second quarter and 9 percent from the third quarter of last year.
The Los Angeles metro area was second in the U.S. with 48,849 filings, and Chicago was third with 44,732.
Meanwhile, the South Florida counties had the seventh-highest foreclosure rate in the July-through-September period, with one in every 41 homes receiving a filing. Nationwide, one in every 139 homes is in the foreclosure process.
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