The Orlando area notched the seventh-highest foreclosure rate among the nation’s largest metro areas in 2009, RealtyTrac reported. The Orlando metropolitan statistical area posted an 8.2 percent year-end foreclosure rate, with one in every 12 households receiving a filing. A total of 72,141 filings — including notices of default, auction notices and bank repossessions — were filed on Orlando MSA homes last year, a 54 percent jump when compared with 2008’s 46,843. Lake County experienced the biggest increase in foreclosure filings with a 65.3 percent jump, from 4,714 filings in 2008 to 7,791 in 2009. Osceola County, meanwhile, had the highest foreclosure rate in the Orlando MSA with 12.5 percent, or one in every eight homes receiving a filing.
Lake’s foreclosure rate was 5.6 percent, or one in every 18 homes getting a foreclosure filing, while Osceola had a 39.3 percent jump in filings, from 10,529 in 2008 to 14,669 last year.
The other counties numbers included:
• Seminole County filings jumped 60.2 percent, from 6,076 in 2008 to 9,735 in 2009. Seminole also had a 5.6 percent foreclosure rate, with one in every 18 homes receiving a filing.
• Orange County had an 8.8 percent foreclosure rate, or one in every 11 homes receiving a filing. Total filings were up 56.5 percent, from 25,524 in 2008 to 39,946 in 2009.
The Orlando MSA was one of eight Florida metro areas among the nation’s top 20 with the highest foreclosure rates. Only California had more, with nine MSAs in the top 20.
Other Florida MSAs with some of the highest rates included Cape Coral-Fort Myers at No. 2, Port St. Lucie at No. 9 and Miami-Fort Lauderdale-Pompano Beach at No. 10, RealtyTrac reported.
The RealtyTrac U.S. Foreclosure Market Report provides total properties with at least one foreclosure filing during the year for metropolitan statistical areas with a population of 200,000 or more based on Census Bureau estimates.
Data is collected from more than 2,200 counties nationwide accounting for more than 90 percent of the U.S. population.