The Real Deal Miami

Foreclosure rates fall in Miami metro area

June 26, 2012 11:15AM

The rate of foreclosures in the Miami-Miami Beach-Kendall metropolitan area fell 1.61 percentage points in April, compared to the same period in 2011, according to data from CoreLogic. Miami’s foreclosure rate was 17.43 percent in April, compared to 19 percent in April 2011. That number is significantly higher than the national rate, which stood at 3.41 percent in April. Miami’s rate of properties that are 90 days or more delinquent fell to 24.35 percent in the same period, though it was still higher than the 17.17 percent statewide rate. — Alexander Britell