The Real Deal Miami

Foreclosure rates up in Miami metro

April 07, 2011 10:26AM

Foreclosure in the Miami metropolitan area jumped in January, according
to research firm CoreLogic. The rate of foreclosures among outstanding
loans is 19.07 percent, an increase of 1.83 percent over January 2010,
when the rate was 17.24 percent. The rate of mortgage delinquencies
decreased in the area, however with a fall of .08 percent compared to
the same period in 2010. According to the CoreLogic data, Miami Beach
metro area’s rate is 15.44 percentage points higher than the national
foreclosure rate. TRD