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Roughly 12% of all outstanding mortgage loans in Southwest Florida's three major metros — Tampa-St. Petersburg-Clearwater, North Port-Bradenton-Sarasota, and Cape Coral-Fort Myers — were in some state of foreclosure in April, according to the latest data from CoreLogic.
That's a slight decrease for Fort Myers, down from 12.76% in April 2010 to 12.06% in the same month this year. But rates in Tampa and Sarasota are up about 2% each, to 11.93% and 12.09% respectively.
The national foreclosure rate for outstanding mortgage loans is 3.47%, CoreLogic estimates.
Across Florida, roughly 18% of mortgage borrowers are more than 90 days delinquent on payments, including those in foreclosure. The 90-day delinquency rate in Fort Myers is slightly higher than the statewide rate, at 18.28%. Sarasota's rate is 16.48%, while Tampa's is 16.90%.
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