The greater Miami area posted the nation’s highest foreclosure rate among large urban areas in February, as one in every 219 homes received some type of foreclosure filing, according to RealtyTrac.
The metro Miami area covers Miami, Fort Lauderdale and Pompano Beach.
Statewide, Florida showed the highest foreclosure rate in the nation for the sixth consecutive month in February, with one in every 282 homes logging some type of foreclosure filing during the month, the Irvine, Calif.-based data firm said.
RealtyTrac tracks default notices, scheduled auctions and bank repossessions.
Foreclosures continue to weigh down Miami neighborhoods
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