New foreclosure filings jump in Tampa Bay area

Foreclosure activity is still relatively low compared to that after the housing crash.
Foreclosure filings are up in the Tampa Bay area though far fewer homes are in foreclosure than were a few years ago [SCOTT KEELER | Times (2016)]
Foreclosure filings are up in the Tampa Bay area though far fewer homes are in foreclosure than were a few years ago [SCOTT KEELER | Times (2016)]
Published August 13

Bucking a national trend, the Tampa Bay area saw an increase in new foreclosure filings in the first half of the year. According to the real estate information service ATTOM Data Solutions, bay area filings jumped 18 percent compared to the same period a year earlier while filings nationally dropped 18 percent.

Despite the increase in new foreclosure starts, Tampa Bay foreclosure activity remains at relatively low levels. Another real estate service, CoreLogic, found that 0.8 percent of all bay area homes with mortgages were in some stage of foreclosure in May compared to 1.2 percent a year earlier. And the percentage of homeowners at least 30 days late on their payments dropped from 5.8 percent in May 2018 to 3.7 percent this May.

Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Follow @susanskate.

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