Fla. Cities Lead Nation In High-End Foreclosures

ORLANDO, Fla. (AP) — Two Florida cities lead the nation in foreclosures of high-end properties worth $5 million or more.

The research firm RealtyTrac said in a report Wednesday that Miami and Orlando were at the top of the list of foreclosure activity on homes in the $5 million-plus range.

Other cities with high numbers of foreclosure activity on high-priced homes included the Los Angeles area, metro Atlanta and metro New York City.

At the state level, Florida and California made up 60 percent of the high-end foreclosures this year.

The number of high-end foreclosures is relatively small — only about 200 compared to the 1.2 million properties that had foreclosure activity this year.

But while overall foreclosure activity is down this year, it is up for the high-priced homes.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Tampa

Best Holiday Volunteer Opportunities for the Family in Tampa BayGet the family together to make a difference in the Tampa Bay community this holiday season.
CBS Tampa’s Social Media LinksFollow us!

Listen Live