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Foreclosure rates are up over the year in both the Tampa-St. Petersburg-Clearwater and North Port-Bradenton-Sarasota markets, and still high in Cape Coral-Fort Myers despite a recent decline, according to CoreLogic.
Of all properties with an outstanding mortgage loan in the Tampa, Sarasota, and Fort Myers markets, foreclosure rates for November 2010 were 10.91%, 11.33%, and 12.02% respectively, the report said.
CoreLogic also measures 90-day delinquency rates for outstanding mortgage loans, which include foreclosed properties and real estate owned (properties that did not sell at auction and were returned to the lender). Those delinquency rates were 16.77%, 16.37%, and 19.44% respectively for the Tampa, Sarasota, and Fort Myers markets.
Statewide, 18.22% of outstanding mortgage loans are 90 or more days delinquent, with 11.70% of all mortgage loans in some state of foreclosure.
Across the U.S., 7.88% of all mortgage loans are 90 days delinquent, with 3.48% of all properties in foreclosure.
Expanded statistics for each region are provided below, courtesy of CoreLogic.
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