South Florida borrowers severely d

The number of borrowers in serious trouble is growing in South Florida,
according to analytics firm CoreLogic. While the courts are seeing a
lower rate of new foreclosure cases being filed in Broward and Palm
Beach counties, the loan numbers in three major metro areas in South
Florida are troubling. In West Palm Beach-Boca Raton-Boynton Beach, 20.3
percent of loans were 90 days or more past due in May. In the Fort
Lauderdale metro area, which includes Pompano Beach and Deerfield Beach,
that number was 22.8 percent, and in Miami–Miami Beach-Kendall, 28.2
percent of loans were 90 or more days past due, up from 20.7 percent in
May of last year. [Sun
Sentinel]