Indian River County Foreclosure Rates Down

by starfish on August 22, 2007

Foreclosure rates continued to climb across the Treasure Coast in July, according to a new RealtyTrac report released Monday. Indian River County had the lowest rates on the Treasure Coast, and was the only county in the region to see foreclosures drop in July with 66 homes entering some stage of foreclosure — last year the county accounted for 123 homes going into foreclosure.

Despite a 9 percent drop in foreclosure activity over the previous month, Florida continued to document the nation’s second highest number of foreclosure filings in July. California reported 39,013 foreclosure filings in July, the most of any state for the seventh month in a row and up 289 percent from July 2006.

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