Lee County finished fourth in 2009 U.S. foreclosures; Collier ranked 30th

Lee County ranked fourth in the nation for its foreclosure rate in 2009.

There were 42,734 foreclosure related filings, or one for every eight households, according to RealtyTrac based in Irvine, Calif.

The rankings are based on default notices, bank repossessions and auction sale notices.

Collier County ranked 30th in the nation for its foreclosure rate last year. There were 12,251, or one for every 16 households.

In December, Lee County ranked sixth in the nation for its foreclosure rate. Collier came in at No. 50.

Nevada had the nation’s highest state foreclosure rate in 2009. But Florida has the second largest total for properties receiving a foreclosure notice last year at 516,711, up 34 percent from 2008.

In the fourth quarter, Florida’s foreclosure activity was down nearly 9 percent from the third quarter. Still, the state saw a 4 percent monthly increase in activity in December, according to RealtyTrac.

Nationwide, a total of 3,957,643 foreclosure filings were reported on 2,824,674 U.S. properties last year, a 21 percent increase over 2008.

The report also shows that 2.21 percent of all U.S. housing units - or one in 45 - received at least one foreclosure related filing last year.

In December, foreclosure filings were reported on 349,519 U.S. properties, up 14 percent from November.

“As bad as the 2009 numbers are, they probably would have been worse if not for legislative and industry-related delays in processing delinquent loans,” said James J. Saccacio, RealtyTrac’s CEO, in a statement.

“After peaking in July with over 361,000 homes receiving a foreclosure notice, we saw four straight monthly decreases driven primarily by short-term factors: trial loan modifications, state legislation extending the foreclosure process and an overwhelming volume of inventory clogging the foreclosure pipeline.”

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