Lenders repossessed almost 9,200 properties in South Florida during the first quarter of 2010, a 25 percent increase from the first quarter of 2009, according to a new report from CondoVultures.com .
The first quarter surge was led by 3,707 property repossessions in Broward, Miami-Dade and Palm Beach counties in March 2010. That was a new high for a single month in the 39 months that CondoVultures.com has tracked bank repossessions.
Prior to March, the record was 3,706 repossessions set in December 2009, according to the report.
South Florida bank repossessions totaled 2,900 in the month of February and 2,475 in January, according to the report.
CondoVultures is a real estate consultancy based in Bal Harbour.
-- MIAMI HERALD STAFF
Read more: http://www.miamiherald.com
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