Tuesday, October 23, 2018
Real Estate

Tampa Bay foreclosure filings soar in third quarter of 2018

Counter to the national trend, the Tampa Bay area saw a sharp spike in new foreclosure filings in the third quarter of this year. Lenders began foreclosing on 1,796 bay area homes, 20 percent more than in the same period last year, according to the real estate site ATTOM Data Solutions.

The dramatic increase in foreclosure filings in Tampa Bay as well as in the Houston and Miami areas is largely attributable to the lingering effects of last year’s Hurricanes Irma and Harvey. Nationally, new foreclosure filings dropped 8 percent from a year ago, reaching the lowest level since the pre-recession year 2005.

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