Ft. Myers foreclosures subside

FORT MYERS -- The percentage of mortgage borrowers more than 90 days late on payments has dropped in Fort Myers-Cape Coral, from nearly 20% a year ago to 16.38% in September of this year.

Foreclosures have fallen as well, from 11.91% of all properties with a mortgage in the area a year ago to 10.62% this September, according to CoreLogic.

While the Fort Myers-Cape Coral market improves, foreclosure numbers have increased at the statewide level. Across all of Florida, 12.28% of all mortgaged properties are in some state of the foreclosure process, compared with 11.38% in September 2010.