Tampa Ranks 10th in U.S. in Foreclosures

"The upward trend in foreclosure starts in those states in some cases could be an indication of fissures in economic fundamentals driving more distress and in other cases is more likely an indication of long-term delinquencies finally entering the foreclosure pipeline," said Daren Blomquist, vice president at RealtyTrac.

In October, 1 out of every 579 houses in Florida was in foreclosure. That puts us at third highest in the Nation, beaten only by Maryland and New Jersey. Every month this year, we've been in the top five. However, it was down 23% from the same month last year.

What does all this mean? Well, it means finding a good realtor has never been more important. Houses obviously foreclose when the owners fail to pay the mortgage, but they also foreclose when the owners fail to sell the house, get out from under what they owe, and/or fail to sell it as a short sale. It's imperative to find a driven real estate team who uses all the latest marketing tools to get your home maximum exposure, top dollar, and a fast, seamless sale.

The Ready Realty Group is here to help. Call us: 813.419.6201.

For More information on Tampa's foreclosure rates, check out this article: link.