Foreclosure rate rises 23% in Sarasota and Manatee counties.


More Southwest Florida homeowners are struggling to pay their mortgages.

 

The number of residential properties with a foreclosure filing rose 23% as of mid-year in the Sarasota-Manatee region, according to a new report from real estate researcher ATTOM Data Solutions.

 

While foreclosures nationwide were down during the first half of 2019, the local increase was not that unusual. Foreclosure starts were higher in four out of 10 metros across the country.

 

A total of 1,277 residential properties, or one in every 327 homes in the Sarasota-Manatee area, were in some stage of distress. That represents 0.31% of the housing units in the region.

 

The original article is posted here.

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