Florida had nation’s highest foreclosure rate last year

The number of properties that lenders repossessed in foreclosures nationwide last year is at an eight-year low, but Florida continued to have the nation’s highest foreclosure rate in 2014.

Figures released last week by the research firm RealtyTrac shows Florida had a 2.3 percent foreclosure rate last year, the highest in the nation.

Florida was followed by New Jersey, Maryland, Illinois and Nevada.

Four Florida metro areas also were among the top 5 cities with the nation’s highest foreclosure rates.

Atlantic City, New Jersey, was at the top of the list. It was followed by Miami, Orlando, Florida’s Space Coast and Tampa.

Republished with permission of the Associated Press.