Atlantic City Ranks Among Top Cities With Highest Foreclosure Rate
ORLANDO, Fla. (AP) — 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.
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