The Real Deal Miami

South Florida sees jump in foreclosures

September 08, 2011 01:11PM

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Foreclosures mounted throughout South Florida in June compared to a year prior, the South Florida Business Journal reported, with foreclosure activity in each of the region’s three counties surpassing the national foreclosure rate, which was 3.46 percent in June.

The rate of foreclosures among outstanding mortgage loans in the Miami-Miami Beach-Kendall area was 18.81 percent in June, according to newly released data from CoreLogic, an increase of 1.22 percentage points from June of 2010.

In the Fort Lauderdale-Pompano Beach-Deerfield Beach area, the rate of foreclosures among outstanding mortgage loans was 14.56 percent, an increase of 1.17 percentage points from June 2010, when the rate was 13.39 percent. [SFBJ]

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