Cape Coral 2nd in foreclosures

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.