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South Florida

South Florida sees jump in foreclosures

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.

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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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CorelogicForeclosures