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FORT MYERS — The foreclosure rate in the Cape Coral-Fort Myers area dropped in December over the same month in 2010, according to new data from CoreLogic.
The national real estate research firm reports that foreclosures among outstanding mortgage loans in the region were 9.9% in December 2011. That was a decrease of 2.3 percentage points compared to December 2010, when the rate was 12.2%.
The mortgage delinquency rate in the region also decreased on an annualized basis in December, CoreLogic reports. On that front, 15.8% of mortgage loans in Cape Coral-Fort Myers were at least 90 days delinquent in December, compared to 19.2% that were in the same category in December 2010.
Based in Santa Ana, Calif., CoreLogic has one of the largest databases for U.S. real estate in the country.
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