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The Cape Coral-Fort Myers region of Florida had the second-highest foreclosure rate in the country in the third quarter of 2010, with one in every 35 housing units receiving a notice of foreclosure, representing a rate of 2.84%.
The region received 10,352 total notices on properties in the area —12% higher than last quarter's total. However, that number is down 22% from the third quarter of 2009.
The data used for the rankings was collected by RealtyTrac, which considered the Naples-Marco Island area as a separate region. That region received 3,237 total foreclosure notices, one for every 60 properties, a 1.67% rate. Those statistics made it the 18th ranked region in the country in terms of foreclosure rate.
Sarasota-Bradenton-Venice and Tampa-St. Petersburg-Clearwater ranked 22nd and 23rd in terms of foreclosure rates, but the Tampa Bay area's number of total foreclosure notices, at 19,248, is roughly equal to the total number of foreclosure in the other three ranked regions combined.
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