Cities With the Most Foreclosures

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ZillowFlorida is still the state with the highest rate of foreclosures, such as this one for sale in Port St. Lucie.

Bank repossessions of homes are at their lowest level since July 2007. But foreclosures rose 4 percent from February to March as 117,485 U.S. properties were foreclosed last month, according to a new report by RealtyTrac. That equates to 1 in every 385 homes nationwide receiving a foreclosure filing.

Compared to a year ago, foreclosure filings are down 23 percent across the U.S., according to the report. March was the 42nd consecutive month of declining foreclosures from a year ago, dropping first-quarter foreclosure activity to its lowest point since the second quarter of 2007. The decline is allowing banks to deal with properties that have been in foreclosure limbo for a while, says Daren Blomquist, vice president at RealtyTrac, which along with compiling real estate stats is a marketplace for foreclosed and defaulted properties.

"Banks will also now be able to devote more resources to dealing with the lingering inventory of nearly half a million already-foreclosed homes that still need to be sold," Blomquist said in a news release. "Our estimates indicate only 10 percent of these bank-owned properties are listed for sale and more than half are still occupied by the former homeowner or tenant."

Florida is where most of the highest foreclosure rates are happening. Florida's foreclosures dropped less than 1 percent from the previous quarter, and were down 19 percent from a year ago. But the state still has the nation's highest state foreclosure rate with 1 in every 129 housing units with a foreclosure filing during the quarter.

RealtyTrac ranked the major metropolitan areas (with populations of 200,000 or more) by the ratio of homes that were in foreclosure. One of every 385 homes nationwide were foreclosed, on average.

Here are the 13 metros with the highest ratio of foreclosures, starting with three areas that are tied for 11th:

14 PHOTOS
Metropolitan Areas With the Most Foreclosures
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Cities With the Most Foreclosures

1 in every 508 homes received a foreclosure filing in March 2014.
Properties with foreclosure filings: 397.
Change from February 2014: -1.49 percent.
Change from March 2013: -14.25 percent.

Pictured: a foreclosure in Pensacola.

See more foreclosures in Pensacola.

1 in every 508 homes received a foreclosure filing in March 2014.
Properties with foreclosure filings: 615.
Change from February 2014: +86.36 percent.
Change from March 2013: -17.78 percent.

Pictured, a foreclosure in Akron.

More foreclosures in Akron.

1 in every 508 homes received a foreclosure filing in March 2014.
Properties with foreclosure filings: 236.
Change from February 2014: +30.39 percent.
Change from March 2013: -11.94 percent.

Pictured, a foreclosure in Gainesville.

More foreclosures in Gainesville.

1 in every 479 homes received a foreclosure filing in March 2014.
Properties with foreclosure filings: 1,995.
Change from February 2014: +65.7 percent.
Change from March 2013: -10.34 percent.

Pictured, a foreclosure in Cleveland.

More foreclosures in Cleveland.

1 in every 441 homes received a foreclosure filing in March 2014.
Properties with foreclosure filings: 405.
Change from February 2014: +206.82 percent.
Change from March 2013: +59.59 percent.

Pictured, a foreclosure in York, Pa.

More foreclosures in York.

1 in every 429 homes received a foreclosure filing in March 2014.
Properties with foreclosure filings: 1,396.
Change from February 2014: -25.67 percent.
Change from March 2013: -27.41 percent.

Pictured, a foreclosure in Jacksonville.

More foreclosures in Jacksonville.

1 in every 406 homes received a foreclosure filing in March 2014.
Properties with foreclosure filings: 3,331.
Change from February 2014: -21.62 percent.
Change from March 2013: -22.53 percent.

Pictured, a foreclosure in Tampa.

More foreclosures in Tampa.

1 in every 401 homes received a foreclosure filing in March 2014.
Properties with foreclosure filings: 535.
Change from February 2014: -10.08 percent.
Change from March 2013: -1.11 percent.

Pictured, a foreclosure in Port St. Lucie.

More foreclosures in Port St. Lucie.

1 in every 393 homes received a foreclosure filing in March 2014.
Properties with foreclosure filings: 417.
Change from February 2014: +2.96 percent.
Change from March 2013: -17.91 percent.

Pictured, a foreclosure in Ocala.

More foreclosures in Ocala.

1 in every 357 homes received a foreclosure filing in March 2014.
Properties with foreclosure filings: 786.
Change from February 2014: +14.58 percent.
Change from March 2013: +27.6 percent.

Pictured, a foreclosure in Lakeland.

More foreclosures in Lakeland.

1 in every 345 homes received a foreclosure filing in March 2014.
Properties with foreclosure filings: 7,148.
Change from February 2014: -4.92 percent.
Change from March 2013: -35.48 percent.

A foreclosure in Miami.

More foreclosures in Miami.

1 in every 342 homes received a foreclosure filing in March 2014.

Properties with foreclosure filings: 790.
Change from February 2014: -13.47 percent.
Change from March 2013: +3.13 percent.

A foreclosure in Titusville.

More foreclosures in Titusville.

1 in every 326 homes received a foreclosure filing in March 2014.
Properties with foreclosure filings: 2,886.
Change from February 2014: +13.35 percent.
Change from March 2013: -9.81 percent.

Pictured, a foreclosure in Orlando.

More foreclosures in Orlando.

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