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Orlando FL Foreclosure Trends for May 2014

July 3rd, 2014 by tisner

In May, the number of properties that received a foreclosure filing in Orlando, FL was 13% lower than the previous month and 21% higher than the same time last year, according to RealtyTrac.com.

Orlando Foreclosure Geographical Comparison

Orlando foreclosures were 0.24% above national statistics, 0.09% above state figures, and the same as Orange County numbers in May 2014.

orlando fl foreclosure

Orlando Foreclosure Status Distribution

The current distribution of foreclosures based on the number of active foreclosure homes in Orlando, FL.

Pre-foreclosures accounted for 10.9% of the foreclosure activity in May,  Auctions were 60.2%, and Bank-owned properties were 28.9%.

orlando fl foreclosure

Orlando FL Foreclosure Activity by Month

In May, the number of bank-owned properties increased 50.6% from the previous month and increased 17.4% from the previous year. The number of auctions decreased 26.7% from the previous month and rose 69.1% from the previous year. Pre-foreclosure activity decreased 19.5% from the previous month and decreased 50.9% from the previous year.

orlando fl foreclosure

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