The Real Deal Miami

Small rise for Miami foreclosure rates

December 08, 2011 11:23AM

Foreclosure rates in the Miami-Miami Beach-Kendall metro area increased
in September, according to data from CoreLogic. The rate of foreclosures
in the area among outstanding mortgage loans was 18.22 percent for
September, an increase of 0.59 percent compared to the same time in
2010. The national rate was 3.48 percent in September. The rate of
mortgage delinquency in the metro area also increased in the month, with
25.18 percent of mortgage loans 90 days or more delinquent, compared to
27.17 percent in the same period last year. — Alexander Britell