Where Are The Foreclosures?

The number of foreclosures nearly doubled in St. Petersburg in the last year. In April of 2006, there were only 156 foreclosures in the city. But that number increased to 303 in April, 2007. The causes of these foreclosures are many, but what it generally comes down to is that the owner could not or did not make the mortgage payments.

Where are all these foreclosures? Well, essentially they can be anywhere, but some zip codes seem to have more of them than others. The St. Petersburg Times recently published a list showing the geographic distribution of foreclosed properties. By zip code, here's what the Times reported ...

33705 -- 52

33711 -- 48

33712 -- 44

33713 -- 29

33714 -- 23

33707 -- 19

33709 -- 15

33702 -- 13

33710 -- 12

33701 -- 11

The source for this data is the Association of Community Organizations for Reform Now (ACORN).

By the way, the Times also reported that Tampa foreclosures jumped 44 percent in the last year, from 291 in April of 06 to 419 in April of 07. Zip code 33604 led the way with 53 foreclosures.

For more information on real estate in the Tampa Bay area, visit my website at http://www.thestpeterealestatesite.com/.

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