The Real Deal Miami

Miami metro foreclosures up

June 06, 2011 10:14AM

Foreclosure rates jumped in March in the Miami-Miami Beach-Kendall
metropolitan area, according to data from CoreLogic. The rate of
foreclosures among outstanding mortgage loans in the area was 19.13
percent in March,  a 1.53-percentage-point jump over March 2010.
Foreclosure activity is higher than the national rate, which was just
3.57 percent in March. The rate of homes that are delinquent by 90 days
or more on their mortgages was 26.79 percent in March 2011, according to
the report. TRD