Florida has the "distinction" of being the number 2 state in the nation for foreclosures.  California is first, with 92,318 and Florida is second, with 54,940, according to RealtyTrac.  Florida's foreclosure activity rate is 1 in 171 houses are in some stage of foreclosure.

Breaking this down a little further, to Pinellas County, where Palm Harbor, Clearwater and Dunedin are, there are 1610 houses in foreclosure, according to RealtyTrac.

If you want to go deeper yet, look at Palm Harbor.  For the three zip codes in Palm Harbor, 34683 has 64 houses in foreclosure, for a rate of 1 in 234:  34684 has 61 houses in foreclosure for a rate of 1 in 234:  and 34685 has 14 houses in foreclosure, for a rate of 1 in 550.

The relatively good news, for Pinellas County foreclosures is that the county is not nearly the worst in Florida.  For instance, Miami-Dade County has 7107 homes in foreclosure, for a rate of 1 in 137:  Broward County has 6471 homes in foreclosure for a rate of 1 in 124:  and Lee County has 3958 homes in foreclosure for a rate of 1 in 92.

To learn more about distressed property and how to possibly avoid foreclosure, click here for free reports on foreclosure and short sales.