As one of the states more affected by the housing crisis, Florida continues to top other states in yearly foreclosures. According to CoreLogic’s National Foreclosure Report, Florida completed 118,089 foreclosures from November, 2013 to November, 2014.
Although foreclosures have declined over the last several years, Florida still outpaces other top foreclosure states including Michigan at 50,195 foreclosures during the same period, Texas at 35,601 and California at 29,226. Of those states, Florida is the only state that relies on a judicial foreclosure process.
Florida’s 118,089 foreclosures equal approximately one-fifth of the nation’s total foreclosures (575,000), for the same 12-month span. The national foreclosure count is the lowest seen in about seven years.
The state also contains the top metro area nationwide for foreclosures. The Tampa-St. Petersburg-Clearwater, Florida metropolitan area topped other cities with a total of 18,435 foreclosures from November, 2013 to November, 2014.